FX.co ★ Patterns #FB | Facebook, Inc. Stock Price

The Bullish pennant graphic pattern has formed on the #FB H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 748.89.

The Bullish pennant signal – Trading instrument #FB M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 748.83, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant graphic pattern has formed on the #FB M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 742.72.

According to the chart of M5, #FB formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 716.45 and 709.26 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 719 pips. Outlook: If the upper border 716.45 is broken, the price is likely to continue its move by 712.99.

According to the chart of M5, #FB formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 713.03 and 701.27 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 1176 pips. Outlook: If the upper border 713.03 is broken, the price is likely to continue its move by 708.06.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 705.77; the lower boundary 697.27; the width of the pattern is 857 points. Sell trades are better to be opened below the lower boundary 697.27 with a possible movements towards the 697.12 level.

According to the chart of M30, #FB formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 695.27 - 0.00 and support 686.69 – 686.69. In case the resistance level 686.69 - 686.69 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 695.27, the lower border is 686.69. The signal means that a short position should be opened after fixing a price below the lower border 686.69 of the Bearish Rectangle.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 694.47; the lower boundary 686.69; the width of the pattern 778 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 686.54 level.

According to the chart of M5, #FB formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 687.07/691.98 and upper border is 696.87/691.98. The pattern width is measured on the chart at -980 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #FB breaches the lower border, the price could continue its move toward 691.83.