FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 385.16; the lower boundary 383.76; the width of the pattern is 143 points. Sell trades are better to be opened below the lower boundary 383.76 with a possible movements towards the 383.61 level.
Triple Top
The Triple Top pattern has formed on the chart of the #MSFT M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -11, support level -34, and pattern’s width 181. Forecast If the price breaks through the support level 382.62, it is likely to move further down to 384.16.
Double Top
The Double Top pattern has been formed on #MSFT M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 382.62 is broken, the downward movement will continue.
Bullish Rectangle
According to the chart of M5, #MSFT formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 375.68 – 375.68 and upper border 378.01 – 378.01. In case the upper border is broken, the instrument is likely to follow the upward trend.
Bullish pennant
The Bullish pennant graphic pattern has formed on the #MSFT 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 381.69.
