FX.co ★ Patterns #GOOG | Alphabet Inc. Stock Price

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 313.65 is broken. The further movements will rely on the width of the current pattern 360 points.

The Triple Bottom pattern has been formed on #GOOG M15. It has the following characteristics: resistance level 312.97/312.85; support level 310.83/310.05; the width is 214 points. In the event of a breakdown of the resistance level of 312.97, the price is likely to continue an upward movement at least to 310.83.

According to the chart of M15, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 312.97 - 0.00 and support 310.61 – 310.61. In case the resistance level 310.61 - 310.61 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 312.97 - 0.00 and support 310.61 – 310.61. In case the resistance level 310.61 - 310.61 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has formed on the chart of the #GOOG M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 313.77/312.47.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 344.87; the lower boundary 343.62; the width of the pattern 125 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 343.47 level.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 337.05; the lower boundary 335.83; the width of the pattern 122 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 335.68 level.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 337.51; the lower boundary 332.03; the width of the pattern 548 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 331.88 level.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 335.56; the lower boundary 334.80; the width of the pattern is 79 points. Sell trades are better to be opened below the lower boundary 334.80 with a possible movements towards the 334.65 level.

The Double Bottom pattern has been formed on #GOOG M5; the upper boundary is 329.08; the lower boundary is 327.91. The width of the pattern is 120 points. In case of a break of the upper boundary 329.08, 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.