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 145.16 is broken. The further movements will rely on the width of the current pattern 157 points.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 148.35 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 146.80 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 149.49; the resistance level 150.03; the width of the pattern 54 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 57 points.

The Triple Bottom pattern has formed on the chart of the #PEP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 153.24/150.03.