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

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 148.48; the resistance level 150.32; the width of the pattern 184 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 177 points.

The Bullish pennant signal – Trading instrument #GOOG M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 155.21, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on #GOOG M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 147.83 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #GOOG M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 151.94; the projection of the flagpole height is equal to 824 pips. In case the price breaks out the pattern’s bottom of 151.94, the downtrend is expected to continue for further level 151.64.

According to the chart of M5, #GOOG formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 154.17, the lower border is 152.10. The signal means that a short position should be opened after fixing a price below the lower border 152.10 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 152.21; the resistance level 154.17; the width of the pattern 196 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 207 points.

The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 151.97 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 Bullish pennant signal – Trading instrument #GOOG H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 173.16, with the prospect of the next move being a projection of the flagpole height.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 169.90; the lower boundary 168.98; the width of the pattern 92 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 168.83 level.

According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 165.68/165.13 whereas the lower border goes across 164.59/165.13. The pattern width is measured on the chart at 109 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 165.13 is broken, the price could continue its move toward 165.28.