FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top pattern has formed on the #GOOG M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 338.85 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the #GOOG M5 chart. Its upper boundary is at 340.05, its lower boundary is at 338.85, and its width is 123 points. A short position may be considered below the lower boundary at 338.85, with a potential target at 338.70.

The Bullish Pennant pattern has formed on the #GOOG M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 340.78, the uptrend is expected to continue toward 340.93.

The Inverse Head and Shoulders pattern has formed on the #GOOG M15 chart. The head low is at 329.22, while the neckline passes through 337.00/336.23. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Pennant pattern has formed on the #GOOG M15 chart and signals a potential continuation of the existing trend. The pattern low is at 337.68, and the projected flagpole height is 629 points. If the price breaks below the pattern low at 337.68, the downtrend is expected to continue toward 337.45.