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

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 29.94/29.85; support level 29.79/29.72; the width is 15 points. In the event of a breakdown of the resistance level of 29.94, the price is likely to continue an upward movement at least to 29.88.

The Bearish pennant pattern has formed on the #INTC M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 29.90 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bullish pennant graphic pattern has formed on the #INTC 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 31.73.

The Bullish pennant graphic pattern has formed on the #INTC M5 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 31.50.

The Double Bottom pattern has been formed on #INTC H1; the upper boundary is 31.19; the lower boundary is 30.72. The width of the pattern is 50 points. In case of a break of the upper boundary 31.19, 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.