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

The Double Bottom pattern has been formed on #EBAY M5; the upper boundary is 49.98; the lower boundary is 49.73. The width of the pattern is 24 points. In case of a break of the upper boundary 49.98, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has formed on the chart of #EBAY M5. Features of the pattern: The lower line of the pattern has coordinates 50.34 with the upper limit 50.34/50.21, the projection of the width is 49 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 49.85, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #EBAY 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 50.87 is broken. The further movements will rely on the width of the current pattern 15 points.

The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 51.31; the resistance level 51.98; the width of the pattern 67 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 65 points.

On the chart of the #EBAY D1 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 51.04, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 168 points.

According to the chart of M5, #EBAY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 51.50/51.74 and upper border is 51.95/51.74. The pattern width is measured on the chart at -45 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #EBAY breaches the lower border, the price could continue its move toward 51.59.

According to the chart of M5, #EBAY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 51.91 - 0.00 and support 51.76 – 51.76. In case the resistance level 51.76 - 51.76 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #EBAY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 52.10, the lower border is 51.94. The signal means that a long position should be opened above the upper border 52.10 of the Bullish Rectangle.

The Triple Bottom pattern has been formed on #EBAY M15. It has the following characteristics: resistance level 52.15/52.04; support level 51.83/51.87; the width is 32 points. In the event of a breakdown of the resistance level of 52.15, the price is likely to continue an upward movement at least to 52.08.

The Double Bottom pattern has been formed on #EBAY M15. Characteristics: the support level 51.83; the resistance level 52.15; the width of the pattern 32 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 30 points.