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

The Double Top pattern has been formed on #EBAY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 61.86 is broken, the downward movement will continue.

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 62.72 while the median line of the Neck is found at 62.43/62.41. 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 #EBAY will go towards 62.26.

According to the chart of M15, #EBAY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 61.79, the lower border is 60.93. The signal means that a short position should be opened after fixing a price below the lower border 60.93 of the Bearish Rectangle.

On the chart of #EBAY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 61.79; the lower boundary 60.93; the width of the pattern 86 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 60.78 level.

The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 61.63; the resistance level 62.01; the width of the pattern 38 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 37 points.

The Double Bottom pattern has been formed on #EBAY 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 62.01 is broken. The further movements will rely on the width of the current pattern 38 points.

According to the chart of M15, #EBAY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 62.56/62.00 whereas the lower border goes across 61.47/62.00. The pattern width is measured on the chart at 109 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 62.00 is broken, the price could continue its move toward 62.22.

The Double Top pattern has been formed on #EBAY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 60.33 is broken, the downward movement will continue.

On the chart of #EBAY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 62.56; the lower boundary 60.33; the width of the pattern 223 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 60.10 level.

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 62.01/61.88 whereas the lower border goes across 61.78/61.88. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 61.88 is broken, the price could continue its move toward 62.03.