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

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 534.32; the lower boundary 532.63; the width of the pattern is 168 points. Sell trades are better to be opened below the lower boundary 532.63 with a possible movements towards the 532.48 level.

According to the chart of M5, #MA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 531.04 – 531.04 and upper border 533.40 – 533.40. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on #MA 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 534.66 is broken. The further movements will rely on the width of the current pattern 387 points.

The Double Top pattern has been formed on #MA H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 509.54 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #MA M5. Characteristics: the support level 509.54; the resistance level 524.12; the width of the pattern 1458 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 1493 points.

On the chart of the #MA H1 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 508.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1564 points.

The Triple Top pattern has formed on the chart of the #MA M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 508.17/512.83 with the upper limit 523.81/521.51; the projection of the width is 1564 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 508.17, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #MA M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 521.82, with the prospect of the next move being a projection of the flagpole height.

On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 520.28; the lower boundary 518.50; the width of the pattern 178 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 518.35 level.

The Double Bottom pattern has been formed on #MA M15; the upper boundary is 481.71; the lower boundary is 471.86. The width of the pattern is 1024 points. In case of a break of the upper boundary 481.71, 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.