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

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 24.76; the lower boundary 24.59; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 24.44 level.

The Triple Bottom pattern has formed on the chart of the #INTC M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 24.39/24.29.

The Double Bottom pattern has been formed on #INTC M5. 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 24.19 is broken. The further movements will rely on the width of the current pattern 11 points.

The #INTC M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 25.58, the Neckline and the upward angle are at 24.83/24.94. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #INTC will go towards 24.72.

The #INTC M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 25.58, the Neckline and the upward angle are at 24.83/24.94. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #INTC will go towards 24.72.