FX.co ★ Patterns #GOOG | Alphabet Inc. Stock Price

The Bullish pennant graphic pattern has formed on the #GOOG M30 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 318.54.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 301.71; the resistance level 305.80; the width of the pattern 409 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 393 points.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 308.14; the lower boundary 307.09; the width of the pattern is 100 points. Sell trades are better to be opened below the lower boundary 307.09 with a possible movements towards the 306.94 level.

According to the chart of M5, #GOOG formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 303.83 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #GOOG 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 313.65 is broken. The further movements will rely on the width of the current pattern 360 points.

The Triple Bottom pattern has been formed on #GOOG M15. It has the following characteristics: resistance level 312.97/312.85; support level 310.83/310.05; the width is 214 points. In the event of a breakdown of the resistance level of 312.97, the price is likely to continue an upward movement at least to 310.83.

According to the chart of M15, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 312.97 - 0.00 and support 310.61 – 310.61. In case the resistance level 310.61 - 310.61 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 312.97 - 0.00 and support 310.61 – 310.61. In case the resistance level 310.61 - 310.61 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has formed on the chart of the #GOOG M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 313.77/312.47.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 344.87; the lower boundary 343.62; the width of the pattern 125 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 343.47 level.