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

The Triple Top pattern has formed on the chart of the #FB M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -58, support level -64, and pattern’s width 236. Forecast If the price breaks through the support level 621.16, it is likely to move further down to 623.38.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 623.53; the lower boundary 621.16; the width of the pattern 237 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 621.01 level.

The Double Bottom pattern has been formed on #FB M15; the upper boundary is 619.51; the lower boundary is 614.79. The width of the pattern is 449 points. In case of a break of the upper boundary 619.51, 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 Bottom pattern has been formed on #FB M5; the upper boundary is 617.05; the lower boundary is 615.21. The width of the pattern is 196 points. In case of a break of the upper boundary 617.05, 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 Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 615.02 – 615.02 and upper border 617.31 – 617.31. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 617.31 is broken. The further movements will rely on the width of the current pattern 229 points.

The Bearish pennant pattern has formed on the #FB M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 616.23; the projection of the flagpole height is equal to 1485 pips. In case the price breaks out the pattern’s bottom of 616.23, the downtrend is expected to continue for further level 615.93.

The Bearish pennant pattern has formed on the #FB M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 617.45 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 Bearish pennant pattern has formed on the #FB H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 624.09 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 Bearish Flag pattern has been formed on the chart #FB M30 which signals that the downward trend will continue. If the price breaks below the low at 623.20, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).