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

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 523.77 is broken. The further movements will rely on the width of the current pattern 721 points.

The Double Bottom pattern has been formed on #FB D1. Characteristics: the support level 482.05; the resistance level 587.72; the width of the pattern 10567 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 10777 points.

According to the chart of M15, #FB formed the Inverse Head and Shoulder pattern. The Head’s top is set at 485.03 while the median line of the Neck is found at 479.95/482.45. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #FB will go towards 485.26

The Bearish pennant pattern has formed on the #FB H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 479.95, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 484.65; the lower boundary is 481.90. The width of the pattern is 263 points. In case of a break of the upper boundary 484.65, 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 Bearish pennant pattern has formed on the #FB M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 507.03 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 Double Bottom pattern has been formed on #FB M15. Characteristics: the support level 529.17; the resistance level 557.42; the width of the pattern 2825 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 2905 points.

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 529.17 – 529.17 and upper border 540.39 – 540.39. 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 M15. 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 518.05 is broken. The further movements will rely on the width of the current pattern 1532 points.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 518.05; the lower boundary is 502.39. The width of the pattern is 1532 points. In case of a break of the upper boundary 518.05, 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.