FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bullish Pennant
A Bullish Pennant continuation signal has formed on the #GOOG M15 chart. A long position may be considered above the pattern high at 322.03, with the projected move based on the height of the flagpole.
Double Bottom
The Double Bottom pattern has formed on the #GOOG M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 314.11. The projected move is based on the pattern width of 70 points.
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Bearish Pennant
The Bearish Pennant pattern has formed on the #GOOG H1 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 326.19.
Bearish Flag
The Bearish Flag pattern has formed on the #GOOG M15 chart, signaling a likely continuation of the downtrend. If the price breaks below the pattern low at 337.04, it is likely to move further downward. The projected move corresponds to the flagpole height of 400 points.
Bearish Pennant
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 337.04, and the projected flagpole height is 400 points. If the price breaks below the pattern low at 337.04, the downtrend is expected to continue toward 336.82.