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

The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 308.42/303.11; support level 300.82/300.19; the width is 760 points. In the event of a breakdown of the resistance level of 308.42, the price is likely to continue an upward movement at least to 301.23.

The Triple Top pattern has formed on the chart of the #PEP H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 140.45/145.07 with the upper limit 145.93/146.45; the projection of the width is 548 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 140.45, the price is most likely to continue the downward movement.

On the chart of the #PEP 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 140.45, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 548 points.

The Double Bottom pattern has been formed on #PEP M5; the upper boundary is 146.45; the lower boundary is 145.09. The width of the pattern is 138 points. In case of a break of the upper boundary 146.45, 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 #PEP M5; the upper boundary is 146.45; the lower boundary is 145.09. The width of the pattern is 138 points. In case of a break of the upper boundary 146.45, 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 Bullish pennant pattern is formed on the #NTDOY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 22.43, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #NTDOY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 22.43, with the prospect of the next move being a projection of the flagpole height.

The technical pattern called Head and Shoulders has appeared on the chart of #NTDOY M5. There are weighty reasons to suggest that the price will surpass the Neckline 22.12/22.12 after the right shoulder has been formed. So, the trend is set to change with the price heading for 21.97.

The #NTDOY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 22.21, the Neckline and the upward angle are at 22.12/22.12. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #NTDOY will go towards 21.97.

According to the chart of M30, #TSLA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 328.44 – 328.44 and upper border 335.91 – 335.91. In case the upper border is broken, the instrument is likely to follow the upward trend.