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

The Double Bottom pattern has been formed on #GOOG H1; the upper boundary is 399.82; the lower boundary is 379.42. The width of the pattern is 2019 points. In case of a break of the upper boundary 399.82, 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 Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 383.97/383.51; support level 380.09/380.97; the width is 388 points. In the event of a breakdown of the resistance level of 383.97, the price is likely to continue an upward movement at least to 381.23.

The Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 389.81/385.34; support level 383.97/384.04; the width is 584 points. In the event of a breakdown of the resistance level of 389.81, the price is likely to continue an upward movement at least to 383.05.

The Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 389.81 with the upper limit 389.81/387.92, the projection of the width is 584 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 383.97, the price is most likely to continue the upward movement.

On the chart of #GOOG H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 398.99; the lower boundary 392.66; the width of the pattern 633 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 392.26 level.

According to the chart of M5, #GOOG formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 389.20 – 389.20 and upper border 393.25 – 393.25. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 393.33, with the prospect of the next move being a projection of the flagpole height.

On the chart of the #GOOG M5 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 378.04, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 449 points.

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 375.18/378.04 with the upper limit 382.22/383.13; the projection of the width is 704 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 375.18, the price is most likely to continue the downward movement.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 382.53; the lower boundary 375.18; the width of the pattern 735 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 375.03 level.