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

The Bearish pennant pattern has formed on the #FB M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 630.85, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #FB M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 630.02; the projection of the flagpole height is equal to 1621 pips. In case the price breaks out the pattern’s bottom of 630.02, the downtrend is expected to continue for further level 629.87.

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 670.98; the lower boundary 662.19; the width of the pattern is 828 points. Sell trades are better to be opened below the lower boundary 662.19 with a possible movements towards the 661.97 level.

The Double Top reversal pattern has been formed on #FB M30. Characteristics: the upper boundary 670.98; the lower boundary 665.52; the width of the pattern is 495 points. Sell trades are better to be opened below the lower boundary 665.52 with a possible movements towards the 665.22 level.

The Bullish pennant graphic pattern has formed on the #FB H1 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 673.49.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 658.86; the lower boundary 653.45; the width of the pattern 541 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 653.30 level.

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

According to the chart of M5, #FB formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 638.36 – 638.36 and upper border 642.01 – 642.01. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #FB M15. 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 642.01 is broken. The further movements will rely on the width of the current pattern 365 points.

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 646.48, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 502 points.