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

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 171.15 - 0.00 and support 169.39 – 169.39. In case the resistance level 169.39 - 169.39 is broken, the instrument is likely to follow the bearish trend.

The Triple Top pattern has formed on the chart of the #GOOG M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -5, and pattern’s width 38. Forecast If the price breaks through the support level 170.72, it is likely to move further down to 170.98.

According to the chart of M15, #GOOG formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 171.15, the lower border is 169.39. The signal means that a short position should be opened after fixing a price below the lower border 169.39 of the Bearish Rectangle.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 171.13; the lower boundary 170.72; the width of the pattern 41 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 170.57 level.

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 171.15 - 0.00 and support 169.39 – 169.39. In case the resistance level 169.39 - 169.39 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on #GOOG M15; the upper boundary is 171.15; the lower boundary is 169.39. The width of the pattern is 176 points. In case of a break of the upper boundary 171.15, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #GOOG M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 169.39; the projection of the flagpole height is equal to 388 pips. In case the price breaks out the pattern’s bottom of 169.39, the downtrend is expected to continue for further level 169.24.

The Triple Bottom pattern has formed on the chart of #GOOG M15. Features of the pattern: The lower line of the pattern has coordinates 173.90 with the upper limit 173.90/173.71, the projection of the width is 126 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 172.64, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of #GOOG M15. Features of the pattern: The lower line of the pattern has coordinates 173.90 with the upper limit 173.90/173.71, the projection of the width is 126 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 172.64, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the #GOOG M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 173.90/173.71.