FX.co ★ Patterns #GOOG | Alphabet Inc. Stock Price

The Triple Top pattern has formed on the chart of the #GOOG M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -51, support level -46, and pattern’s width 100. Forecast If the price breaks through the support level 315.73, it is likely to move further down to 317.16.

The Double Top pattern has been formed on #GOOG M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 279.65 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #GOOG M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 281.89.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #GOOG M15. Forecast: if the price breaks above the pattern high at 281.67, then traders will be able to place a long deal with the target at 281.89.

The Double Top reversal pattern has been formed on #GOOG M15. Characteristics: the upper boundary 309.06; the lower boundary 307.23; the width of the pattern is 163 points. Sell trades are better to be opened below the lower boundary 307.23 with a possible movements towards the 307.01 level.

The Bullish pennant signal – Trading instrument #GOOG M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 306.75, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 301.56; the lower boundary 299.72; the width of the pattern is 181 points. Sell trades are better to be opened below the lower boundary 299.72 with a possible movements towards the 299.57 level.

The Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 300.35 with the upper limit 300.35/300.24, the projection of the width is 211 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 298.24, the price is most likely to continue the upward movement.

According to the chart of M5, #GOOG formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 298.14 – 298.14 and upper border 300.35 – 300.35. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #GOOG 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 300.35 is broken. The further movements will rely on the width of the current pattern 211 points.