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

The Triple Bottom pattern has formed on the chart of the #MA M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 513.73/513.08.

According to the chart of M5, #MA formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 522.96/521.45 whereas the lower border goes across 520.16/521.45. The pattern width is measured on the chart at 280 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 521.45 is broken, the price could continue its move toward 521.60.

According to the chart of M5, #MA produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 518.06 while the median line of the Neck is set at 521.64/521.71. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #MA will go towards 521.86.

The Bearish pennant pattern has formed on the #MA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 521.99; the projection of the flagpole height is equal to 851 pips. In case the price breaks out the pattern’s bottom of 521.99, the downtrend is expected to continue for further level 521.84.

The Bullish pennant graphic pattern has formed on the #MA M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 534.53.