FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Triple Top
The Triple Top pattern has formed on the chart of the #INTC M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 91.87/92.80 with the upper limit 94.09/93.61; the projection of the width is 222 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 91.87, the price is most likely to continue the downward movement.
Double Bottom
The Double Bottom pattern has been formed on #INTC M15; the upper boundary is 65.64; the lower boundary is 62.08. The width of the pattern is 357 points. In case of a break of the upper boundary 65.64, 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.
Bullish pennant
The Bullish pennant graphic pattern has formed on the #INTC M30 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 61.47.
Bullish Rectangle
According to the chart of M5, #INTC formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 59.86 – 59.86 and upper border 61.07 – 61.07. In case the upper border is broken, the instrument is likely to follow the upward trend.
Double Top
The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 61.04; the lower boundary 60.01; the width of the pattern is 106 points. Sell trades are better to be opened below the lower boundary 60.01 with a possible movements towards the 59.86 level.
