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

The Bullish pennant pattern is formed on the #FB M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 703.72, a further uptrend is possible.

The Bullish pennant pattern is formed on the #FB H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 686.37, a further uptrend is possible.

The Bullish pennant pattern is formed on the #FB M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 686.31, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #FB M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 684.35, with the prospect of the next move being a projection of the flagpole height.

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 686.31, a further uptrend is possible.

The Bullish pennant pattern is formed on the #FB M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 683.66, a further uptrend is possible.

The Triple Bottom pattern has been formed on #FB M5. It has the following characteristics: resistance level 669.65/668.39; support level 665.03/665.33; the width is 462 points. In the event of a breakdown of the resistance level of 669.65, the price is likely to continue an upward movement at least to 665.18.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 653.26; the lower boundary is 642.54. The width of the pattern is 1063 points. In case of a break of the upper boundary 653.26, 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 Top pattern has formed on the chart of the #FB M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 640.66/640.77 with the upper limit 642.61/642.98; the projection of the width is 195 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 640.66, the price is most likely to continue the downward movement.

According to the chart of M5, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 642.69, the lower border is 640.66. The signal means that a long position should be opened above the upper border 642.69 of the Bullish Rectangle.