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

The Bullish Rectangle has formed on the #MA M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 614.78 and its lower boundary is at 612.25. A long position may be considered after the price breaks above the upper boundary at 614.78 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the #MA M5 chart. Its upper boundary is at 614.52, its lower boundary is at 612.25, and its width is 253 points. A short position may be considered below the lower boundary at 612.25, with a potential target at 612.10.

The Bearish Symmetrical Triangle pattern has formed on the #MA M15 chart. Its lower boundary passes through 606.00/608.68, while its upper boundary passes through 611.55/608.68. The pattern width is 555 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #MA breaks below the lower boundary, the price could move toward 608.46.

The Head and Shoulders pattern has formed on the #MA H1 chart. The head high is at 633.28, while the neckline passes through 620.59/619.59. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Head and Shoulders pattern has formed on the #MA M30 chart. The head high is at 633.28, while the neckline passes through 620.59/619.59. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.