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

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 532.21; the lower boundary 529.75; the width of the pattern is 236 points. Sell trades are better to be opened below the lower boundary 529.75 with a possible movements towards the 529.60 level.

On the chart of the #MA D1 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 511.02, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2307 points.

On the chart of the #MA D1 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 511.02, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2307 points.

The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 533.49 with the upper limit 533.49/531.16, the projection of the width is 328 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 530.21, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #MA M15. Characteristics: the support level 530.21; the resistance level 533.49; the width of the pattern 328 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 328 points.

The Double Bottom pattern has been formed on #MA M5. Characteristics: the support level 530.21; the resistance level 533.49; the width of the pattern 328 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 328 points.

The Triple Top pattern has formed on the chart of the #MA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 527.66/527.76 with the upper limit 528.96/528.62; the projection of the width is 130 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 527.66, the price is most likely to continue the downward movement.

The Double Top pattern has been formed on #MA D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 511.02 is broken, the downward movement will continue.

According to the chart of M5, #MA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 528.27 – 528.27 and upper border 530.89 – 530.89. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on #MA M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 528.51 is broken, the downward movement will continue.