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

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 37.30/37.41 with the upper limit 37.53/37.55; the projection of the width is 23 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 37.30, the price is most likely to continue the downward movement.

According to the chart of M5, #INTC formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 37.53, the lower border is 37.28. The signal means that a long position should be opened above the upper border 37.53 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the #INTC M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -30, and pattern’s width 52. Forecast If the price breaks through the support level 36.98, it is likely to move further down to 37.38.

The Bullish pennant signal – Trading instrument #INTC M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 37.50, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #INTC 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 22.47 is broken. The further movements will rely on the width of the current pattern 12 points.