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

The Triple Top pattern has formed on the chart of the #MA M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 517.08/519.18 with the upper limit 521.98/521.60; the projection of the width is 490 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 517.08, the price is most likely to continue the downward movement.

According to D1, #MA is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 513.50/511.73 is broken out, the instrument is likely to move toward 512.13.

According to D1, #MA is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 513.50/511.73 is broken out, the instrument is likely to move toward 512.13.

The Triple Top pattern has formed on the chart of the #MA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 17, support level -333, and pattern’s width 434. Forecast If the price breaks through the support level 508.91, it is likely to move further down to 513.75.

The Bullish pennant signal – Trading instrument #MA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 513.25, with the prospect of the next move being a projection of the flagpole height.