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

The Bullish pennant graphic pattern has formed on the #GOOG M30 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 160.77.

According to the chart of M15, #GOOG formed the Head and Shoulders pattern. The Head’s top is set at 162.70 while the median line of the Neck is found at 158.33/157.56. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #GOOG will go towards 157.34.

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

The Triple Top pattern has formed on the chart of the #GOOG M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 23, support level -53, and pattern’s width 187. Forecast If the price breaks through the support level 157.80, it is likely to move further down to 159.58.

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 155.68/156.47 with the upper limit 158.72/158.63; the projection of the width is 304 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 155.68, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 148.48; the resistance level 150.32; the width of the pattern 184 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 177 points.

The Bullish pennant signal – Trading instrument #GOOG M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 155.21, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on #GOOG M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 147.83 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #GOOG M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 151.94; the projection of the flagpole height is equal to 824 pips. In case the price breaks out the pattern’s bottom of 151.94, the downtrend is expected to continue for further level 151.64.

According to the chart of M5, #GOOG formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 154.17, the lower border is 152.10. The signal means that a short position should be opened after fixing a price below the lower border 152.10 of the Bearish Rectangle.