FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Triple Bottom
The Triple Bottom pattern has formed on the #PEP M5 chart. A break above the confirmation resistance at 138.92 may signal a reversal from a downtrend to an uptrend.
Triple Bottom
The Triple Bottom pattern has formed on the chart of #PEP M5. The lower boundary is at 137.51, while the upper boundary is at 138.92/138.05. The projected width is 123 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 138.92 is broken, the price is likely to continue upward.
Double Bottom
The Double Bottom pattern has formed on the #PEP M30 chart. Its upper boundary is at 141.37, its lower boundary is at 139.36, and its width is 206 points. A break above the upper boundary at 141.37 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Double Bottom
The Double Bottom pattern has formed on the #PEP H1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 141.37. The projected move is based on the pattern width of 206 points.
Bearish Rectangle
The Bearish Rectangle has formed on the #PEP M15 chart and indicates a likely continuation of the trend. Its upper boundary is at 141.27 and its lower boundary is at 139.66. A short position may be considered once the price closes below the lower boundary at 139.66 of the Bearish Rectangle.