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

The Double Bottom pattern has been formed on #EBAY 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 51.31 is broken. The further movements will rely on the width of the current pattern 19 points.

The Triple Bottom pattern has formed on the chart of #EBAY M5. Features of the pattern: The lower line of the pattern has coordinates 51.31 with the upper limit 51.31/51.25, the projection of the width is 19 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 51.12, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #EBAY M5; the upper boundary is 51.31; the lower boundary is 51.11. The width of the pattern is 19 points. In case of a break of the upper boundary 51.31, 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 Bullish pennant signal – Trading instrument #EBAY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 52.17, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #EBAY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 52.27, with the prospect of the next move being a projection of the flagpole height.

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 50.79/50.93 with the upper limit 51.01/51.04; the projection of the width is 22 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 50.79, the price is most likely to continue the downward movement.

The Bullish pennant graphic pattern has formed on the #EBAY M5 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 50.81.

The Triple Top pattern has formed on the chart of the #EBAY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -5, and pattern’s width 29. Forecast If the price breaks through the support level 49.89, it is likely to move further down to 50.10.

The Bullish pennant pattern is formed on the #EBAY M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 50.25, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #EBAY H1 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 53.17.