FX.co ★ Actual patterns. Technical analysis and trading recommendations
Technical Analysis Patterns
There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
Instrument:
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#Bitcoin
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#AAPL
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#PEP
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
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M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
All
Buy
Sell
#PEP
#PEP M5
Bullish Rectangle
According to the chart of M5, #PEP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 159.88, the lower border is 159.57. The signal means that a long position should be opened above the upper border 159.88 of the Bullish Rectangle.
#PEP M5
Triple Top
On the chart of the #PEP 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 159.06, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 88 points.
#PEP M5
Double Top
The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 159.88; the lower boundary 159.57; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 159.57 with a possible movements towards the 159.42 level.
#PEP M30
Bearish pennant
The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 155.85 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.
#PEP M30
Bearish pennant
The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 155.85 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.
#PEP M30
Triple Bottom
The Triple Bottom pattern has formed on the chart of the #PEP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 159.96/159.81.
#PEP M15
Triple Bottom
The Triple Bottom pattern has formed on the chart of the #PEP M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 159.96/159.81.
#PEP M5
Double Bottom
The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 158.40; the resistance level 158.85; the width of the pattern 45 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 40 points.
#PEP M5
Inverse Head and Shoulder
According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 163.15 while the median line of the Neck is set at 164.54/164.42. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #PEP will go towards 164.57.
#PEP M5
Double Top
The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 165.80; the lower boundary 165.54; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 165.54 with a possible movements towards the 165.39 level.