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

According to the chart of H1, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

According to the chart of M30, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 641.49; the lower boundary 637.65; the width of the pattern 384 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 637.50 level.

According to the chart of M5, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 642.46, the lower border is 639.61. The signal means that a long position should be opened above the upper border 642.46 of the Bullish Rectangle.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 642.46; the lower boundary 639.61; the width of the pattern 285 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 639.46 level.

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.