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

The Double Bottom pattern has been formed on #FB M15. Characteristics: the support level 616.64; the resistance level 627.45; the width of the pattern 1081 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 1075 points.

According to the chart of M5, #FB formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 616.64 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -1481 pips.

The Triple Bottom pattern has formed on the chart of the #FB M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 621.38/619.89.

On the chart of the #FB 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 632.32, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 608 points.

According to the chart of M15, #FB formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 609.07 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -1978 pips.

The Double Bottom pattern has been formed on #FB 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 611.03 is broken. The further movements will rely on the width of the current pattern 162 points.

The Bullish pennant signal – Trading instrument #FB M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 625.63, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 610.34; the lower boundary is 606.94. The width of the pattern is 336 points. In case of a break of the upper boundary 610.34, 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.

According to the chart of M5, #FB formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 575.31 and 572.96 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 235 pips. Outlook: If the upper border 575.31 is broken, the price is likely to continue its move by 574.23.

According to the chart of H1, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 572.55, the lower border is 549.10. The signal means that a short position should be opened after fixing a price below the lower border 549.10 of the Bearish Rectangle.