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

According to the chart of M5, #EBAY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 90.61 – 90.61 and upper border 91.60 – 91.60. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the #EBAY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 90.54 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

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 92.16 is broken. The further movements will rely on the width of the current pattern 147 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 94.25 is broken. The further movements will rely on the width of the current pattern 373 points.

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 91.46 and 90.41 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 105 pips. Outlook: If the upper border 91.46 is broken, the price is likely to continue its move by 91.17.

According to the chart of M5, #EBAY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 91.49, the lower border is 90.62. The signal means that a long position should be opened above the upper border 91.49 of the Bullish Rectangle.

The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 83.42; the resistance level 83.95; the width of the pattern 53 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 49 points.

According to the chart of H1, #EBAY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 78.86 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -1423 pips.

The Triple Top pattern has formed on the chart of the #EBAY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -16, support level -48, and pattern’s width 94. Forecast If the price breaks through the support level 84.96, it is likely to move further down to 85.89.

The Triple Top pattern has formed on the chart of the #EBAY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 84.57/84.96 with the upper limit 85.90/86.04; the projection of the width is 133 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 84.57, the price is most likely to continue the downward movement.