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

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 359.67; the lower boundary 354.10; the width of the pattern 557 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 353.95 level.

The Triple Top pattern has formed on the chart of the #GOOG M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 348.61/350.03 with the upper limit 350.93/351.34; the projection of the width is 232 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 348.61, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #GOOG M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 350.93, with the prospect of the next move being a projection of the flagpole height.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #GOOG M30. Forecast: if the price breaks above the pattern high at 350.93, then traders will be able to place a long deal with the target at 351.23.

The Double Bottom pattern has been formed on #GOOG H1. 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 343.98 is broken. The further movements will rely on the width of the current pattern 986 points.

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 371.59 is broken, the downward movement will continue.

The Double Top pattern has been formed on #GOOG H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 343.54 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #GOOG 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 347.29 is broken. The further movements will rely on the width of the current pattern 353 points.

The Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 346.75/345.77; support level 343.95/343.95; the width is 280 points. In the event of a breakdown of the resistance level of 346.75, the price is likely to continue an upward movement at least to 343.91.

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 346.75 is broken. The further movements will rely on the width of the current pattern 280 points.