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

The Triple Top pattern has formed on the chart of the NZDUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5951/0.5965 with the upper limit 0.5980/0.5976; the projection of the width is 29 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5951, the price is most likely to continue the downward movement.

According to the chart of M5, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 84.56, the lower border is 83.83. The signal means that a long position should be opened above the upper border 84.56 of the Bullish Rectangle.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3471/1.3489 whereas the upper border goes across 1.3513/1.3489. 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 GBPUSD will breach the upper border to head for 1.3504.

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 208.93 – 208.93 and upper border 209.24 – 209.24. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, #AAPL formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 264.69 and support 263.57. In case the resistance level 264.69 - 264.69 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on #AMZN M15. Characteristics: the upper boundary 211.00; the lower boundary 206.81; the width of the pattern is 429 points. Sell trades are better to be opened below the lower boundary 206.81 with a possible movements towards the 206.59 level.

According to the chart of M15, #MSFT formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 395.18 is likely to encourage a continuation of the downward trend.

On the chart of the #AAPL M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 261.51, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 319 points.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 44.38; the lower boundary 44.14; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 44.14 with a possible movements towards the 43.99 level.

The Triple Top pattern has formed on the chart of the #EBAY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 87.35/87.57 with the upper limit 88.48/88.65; the projection of the width is 113 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 87.35, the price is most likely to continue the downward movement.