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

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 -21, support level -65, and pattern’s width 101. Forecast If the price breaks through the support level 45.03, it is likely to move further down to 45.94.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 46.04; the lower boundary 45.03; the width of the pattern is 106 points. Sell trades are better to be opened below the lower boundary 45.03 with a possible movements towards the 44.88 level.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 43.62 with the upper limit 43.62/43.43, the projection of the width is 35 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 43.27, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 44.38; the lower boundary 44.14; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 44.14 with a possible movements towards the 43.99 level.

According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 43.91/44.54 and upper border is 45.27/44.54. The pattern width is measured on the chart at -136 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #INTC breaches the lower border, the price could continue its move toward 44.31.