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

The Double Bottom pattern has been formed on #GOOG M15. 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 347.29 is broken. The further movements will rely on the width of the current pattern 353 points.

The Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 346.75/345.77; support level 343.95/343.95; the width is 280 points. In the event of a breakdown of the resistance level of 346.75, the price is likely to continue an upward movement at least to 343.91.

The Double Bottom pattern has been formed on #GOOG 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 346.75 is broken. The further movements will rely on the width of the current pattern 280 points.

The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 343.89 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 #GOOG 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 355.26 is broken. The further movements will rely on the width of the current pattern 164 points.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 353.62; the resistance level 355.26; the width of the pattern 164 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 160 points.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 369.73; the lower boundary 367.67; the width of the pattern 206 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 367.52 level.

The Triple Top pattern has formed on the chart of the #GOOG M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -41, support level -107, and pattern’s width 216. Forecast If the price breaks through the support level 367.08, it is likely to move further down to 369.41.

The Triple Bottom pattern has formed on the chart of #GOOG M15. Features of the pattern: The lower line of the pattern has coordinates 369.66 with the upper limit 369.66/358.54, the projection of the width is 1474 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 354.92, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 381.20 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.