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

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 666.34; the lower boundary 663.45; the width of the pattern 289 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 663.30 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 643.84, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 343 points.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 647.27; the lower boundary 643.84; the width of the pattern is 350 points. Sell trades are better to be opened below the lower boundary 643.84 with a possible movements towards the 643.69 level.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 611.24; the lower boundary is 600.09. The width of the pattern is 1124 points. In case of a break of the upper boundary 611.24, 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. Characteristics: the support level 602.85; the resistance level 604.58; the width of the pattern 173 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 182 points.

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.