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

The Double Bottom pattern has formed on the #GOOG M15 chart. Its support is at 334.94, its resistance is at 336.33, and its width is 139 points. A break above resistance may confirm a trend reversal, with the first target projected 130 points away.

The Triple Bottom pattern has formed on the chart of #GOOG M5. The lower boundary is at 335.03, while the upper boundary is at 336.81/336.33. The projected width is 176 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 336.81 is broken, the price is likely to continue upward.

The Bearish Rectangle has formed on the #GOOG M5 chart. This is a trend continuation pattern bounded by the lower boundary at 336.52–336.52 and the upper boundary at 338.52–338.52. A breakout below the lower boundary is likely to signal a continuation of the downtrend.

The Triple Bottom pattern has formed on the #GOOG M5 chart. It has the following characteristics: resistance at 338.18; support at 336.56; pattern width of 162 points. If the confirmation resistance at 338.42 is broken, the price is likely to continue upward by at least 168 points.

The Bearish Symmetrical Triangle pattern has formed on the #GOOG M5 chart. Its lower boundary passes through 336.52/337.41, while its upper boundary passes through 338.52/337.41. The pattern width is 200 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #GOOG breaks below the lower boundary, the price could move toward 337.26.

The Bullish Symmetrical Triangle pattern has formed on the #GOOG M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 338.82/337.58, while its lower boundary passes through 336.63/337.58. The pattern width is 219 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 337.58 could send the price toward 337.73.

The Triple Top reversal pattern has formed on the #GOOG M5 chart. Its upper boundary is at 338.82/338.46, its lower boundary is at 336.79/337.56, and its current width is 96 points. If the confirmation support at 336.79 is broken, that width can be used to project the downward move.

The Inverse Head and Shoulders pattern has formed on the #GOOG M5 chart. The head low is at 333.31, while the neckline passes through 336.25/336.18. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Pennant pattern has formed on the #GOOG H1 chart and signals a potential continuation of the existing trend. The pattern low is at 333.01, and the projected flagpole height is 1644 points. If the price breaks below the pattern low at 333.01, the downtrend is expected to continue toward 332.61.

The Bearish Pennant pattern has formed on the #GOOG H1 chart. A break below the pennant low at 333.01 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.