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

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 143.93; the lower boundary 143.35; the width of the pattern 58 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 143.20 level.

The Double Bottom pattern has been formed on #PEP M5; the upper boundary is 143.46; the lower boundary is 142.95. The width of the pattern is 52 points. In case of a break of the upper boundary 143.46, 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 Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 144.04; the resistance level 144.30; the width of the pattern 26 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 28 points.

The Bearish pennant pattern has formed on the #PEP M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 143.59; the projection of the flagpole height is equal to 358 pips. In case the price breaks out the pattern’s bottom of 143.59, the downtrend is expected to continue for further level 143.37.

The Bearish pennant pattern has formed on the #PEP H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 146.26; the projection of the flagpole height is equal to 274 pips. In case the price breaks out the pattern’s bottom of 146.26, the downtrend is expected to continue for further level 145.86.