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

According to the chart of H1, #MSFT formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 418.39, the lower border is 411.63. The signal means that a short position should be opened after fixing a price below the lower border 411.63 of the Bearish Rectangle.

According to the chart of M30, #MSFT formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 418.39, the lower border is 411.63. The signal means that a short position should be opened after fixing a price below the lower border 411.63 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #MSFT M15. Characteristics: the support level 413.64; the resistance level 415.42; the width of the pattern 178 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 157 points.

The Double Bottom pattern has been formed on #MSFT M15; the upper boundary is 415.42; the lower boundary is 413.85. The width of the pattern is 178 points. In case of a break of the upper boundary 415.42, 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 Double Bottom pattern has been formed on #MSFT 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 415.42 is broken. The further movements will rely on the width of the current pattern 178 points.