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

The Double Bottom pattern has been formed on #GOOG M5; the upper boundary is 169.80; the lower boundary is 167.49. The width of the pattern is 227 points. In case of a break of the upper boundary 169.80, 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 #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 170.19 is broken. The further movements will rely on the width of the current pattern 123 points.

According to the chart of M5, #GOOG formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 168.32 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -344 pips.

According to the chart of M5, #GOOG formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 172.00 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 174.83; the resistance level 177.99; the width of the pattern 316 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 328 points.

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 181.84 is broken. The further movements will rely on the width of the current pattern 74 points.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 181.10; the resistance level 181.84; the width of the pattern 74 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 80 points.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 186.76; the lower boundary 186.12; the width of the pattern 64 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 185.97 level.

The Double Bottom pattern has been formed on #GOOG H1; the upper boundary is 188.00; the lower boundary is 183.51. The width of the pattern is 442 points. In case of a break of the upper boundary 188.00, 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 #GOOG M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 184.50 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.