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

The Bullish pennant pattern is formed on the #TWTR M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 53.39, a further uptrend is possible.

According to the chart of M15, #TWTR formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 52.61/52.85 whereas the upper border goes across 53.15/52.85. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #TWTR will breach the upper border to head for 53.08.

The Double Top reversal pattern has been formed on #TWTR M30. Characteristics: the upper boundary 52.67; the lower boundary 49.54; the width of the pattern is 313 points. Sell trades are better to be opened below the lower boundary 49.54 with a possible movements towards the 49.24 level.

The Double Top reversal pattern has been formed on #TWTR M15. Characteristics: the upper boundary 52.67; the lower boundary 49.54; the width of the pattern is 313 points. Sell trades are better to be opened below the lower boundary 49.54 with a possible movements towards the 49.31 level.

The Bullish pennant graphic pattern has formed on the #TWTR M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 52.69.