FX.co ★ Patterns #FB | Facebook, Inc. Stock Price

The Bullish pennant pattern is formed on the #FB M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 498.67, a further uptrend is possible.

The Bearish pennant pattern has formed on the #FB M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 491.31, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 503.22; the lower boundary is 500.83. The width of the pattern is 251 points. In case of a break of the upper boundary 503.22, 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 Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 498.90; the lower boundary 487.18; the width of the pattern is 1145 points. Sell trades are better to be opened below the lower boundary 487.18 with a possible movements towards the 487.03 level.

The Double Bottom pattern has been formed on #FB 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 501.40 is broken. The further movements will rely on the width of the current pattern 416 points.

The Double Bottom pattern has been formed on #FB M5. Characteristics: the support level 512.00; the resistance level 517.43; the width of the pattern 543 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 519 points.

The Bearish pennant pattern has formed on the #FB M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 512.00, a trader will be able to successfully enter the sell position.

According to the chart of M5, #FB formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 520.88 and support 517.66. In case the resistance level 520.88 - 520.88 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 522.04; the lower boundary is 519.64. The width of the pattern is 259 points. In case of a break of the upper boundary 522.04, 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.

According to the chart of M5, #FB formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 514.51 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -2049 pips.