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

According to the chart of M15, #MA formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 538.68 – 538.68 and upper border 543.97 – 543.97. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M30, #MA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 543.97, the lower border is 538.68. The signal means that a short position should be opened after fixing a price below the lower border 538.68 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #MA H1; the upper boundary is 549.55; the lower boundary is 538.68. The width of the pattern is 1143 points. In case of a break of the upper boundary 549.55, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 533.67; the projection of the flagpole height is equal to 3448 pips. In case the price breaks out the pattern’s bottom of 533.67, the downtrend is expected to continue for further level 533.45.

The Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 556.06; the projection of the flagpole height is equal to 2225 pips. In case the price breaks out the pattern’s bottom of 556.06, the downtrend is expected to continue for further level 555.84.