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

According to the chart of H1, #FB formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 646.52/667.72 and upper border is 686.78/667.72. The pattern width is measured on the chart at -4026 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 #FB breaches the lower border, the price could continue its move toward 667.32.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 675.39; the lower boundary 657.13; the width of the pattern is 1852 points. Sell trades are better to be opened below the lower boundary 657.13 with a possible movements towards the 656.98 level.

The Double Bottom pattern has been formed on #FB 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 672.10 is broken. The further movements will rely on the width of the current pattern 229 points.

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 683.20; the lower boundary 677.96; the width of the pattern is 492 points. Sell trades are better to be opened below the lower boundary 677.96 with a possible movements towards the 677.73 level.

On the chart of the #FB 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 677.96, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 524 points.

According to the chart of M5, #FB formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 683.20/679.84 whereas the lower border goes across 677.00/679.84. The pattern width is measured on the chart at 620 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 679.84 is broken, the price could continue its move toward 679.99.

On the chart of the #FB 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 674.18, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 604 points.

The Double Bottom pattern has been formed on #FB M5. Characteristics: the support level 686.52; the resistance level 691.37; the width of the pattern 485 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 492 points.

On the chart of #FB M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 677.53; the lower boundary 664.77; the width of the pattern 1276 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 664.47 level.

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 674.91; the lower boundary 671.91; the width of the pattern is 330 points. Sell trades are better to be opened below the lower boundary 671.91 with a possible movements towards the 671.68 level.