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

The Double Bottom pattern has been formed on #PEP M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 141.90 is broken. The further movements will rely on the width of the current pattern 49 points.

The Triple Bottom pattern has been formed on #PEP M5. It has the following characteristics: resistance level 143.88/143.47; support level 142.41/142.33; the width is 147 points. In the event of a breakdown of the resistance level of 143.88, the price is likely to continue an upward movement at least to 142.72.

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 142.41; the projection of the flagpole height is equal to 418 pips. In case the price breaks out the pattern’s bottom of 142.41, the downtrend is expected to continue for further level 142.18.

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 142.41; the projection of the flagpole height is equal to 398 pips. In case the price breaks out the pattern’s bottom of 142.41, the downtrend is expected to continue for further level 142.26.

The Double Bottom pattern has been formed on #PEP M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 146.59 is broken. The further movements will rely on the width of the current pattern 69 points.