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

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 87.35/87.57 with the upper limit 88.48/88.65; the projection of the width is 113 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 87.35, the price is most likely to continue the downward movement.

On the chart of the #EBAY 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 85.29, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 146 points.

On the chart of the #EBAY 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 84.08, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 234 points.

The Bullish pennant signal – Trading instrument #EBAY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 88.15, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 83.13 while the median line of the Neck is found at 82.45/82.44. 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 82.29.

The Triple Bottom pattern has been formed on #EBAY H1. It has the following characteristics: resistance level 82.44/80.50; support level 79.33/79.35; the width is 311 points. In the event of a breakdown of the resistance level of 82.44, the price is likely to continue an upward movement at least to 79.26.

The Triple Bottom pattern has formed on the chart of #EBAY M30. Features of the pattern: The lower line of the pattern has coordinates 82.44 with the upper limit 82.44/80.50, the projection of the width is 311 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 79.33, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #EBAY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 78.51 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 Bearish pennant pattern has formed on the #EBAY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 78.65 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. Characteristics: the support level 82.92; the resistance level 83.25; the width of the pattern 33 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 32 points.