FX.co ★ Patterns #FB | Facebook, Inc. Stock Price

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 436.54; the lower boundary 433.73; the width of the pattern is 296 points. Sell trades are better to be opened below the lower boundary 433.73 with a possible movements towards the 433.58 level.

The Double Bottom pattern has been formed on #FB H1. Characteristics: the support level 428.51; the resistance level 439.53; the width of the pattern 1102 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 1209 points.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 430.96; the lower boundary is 428.51. The width of the pattern is 235 points. In case of a break of the upper boundary 430.96, 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 #FB M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 428.60 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 #FB M5. Characteristics: the support level 428.61; the resistance level 430.96; the width of the pattern 235 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 245 points.

The Bearish pennant pattern has formed on the #FB M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 427.69 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 #FB M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 428.60, a trader will be able to successfully enter the sell position.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 444.07; the lower boundary 439.28; the width of the pattern is 495 points. Sell trades are better to be opened below the lower boundary 439.28 with a possible movements towards the 439.13 level.

The Bullish pennant pattern is formed on the #FB M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 498.67, a further uptrend is possible.

The Bearish pennant pattern has formed on the #FB M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 491.31, a trader will be able to successfully enter the sell position.