FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Top
The Double Top reversal pattern has formed on the #INTC M5 chart. Its upper boundary is at 88.03, its lower boundary is at 86.88, and its width is 113 points. A short position may be considered below the lower boundary at 86.88, with a potential target at 86.73.
Bearish Pennant
The Bearish Pennant pattern has formed on the #INTC M5 chart and signals a potential continuation of the existing trend. The pattern low is at 85.25, and the projected flagpole height is 487 points. If the price breaks below the pattern low at 85.25, the downtrend is expected to continue toward 85.10.
Double Bottom
The Double Bottom pattern has formed on the #INTC M15 chart. Its support is at 89.75, its resistance is at 91.06, and its width is 131 points. A break above resistance may confirm a trend reversal, with the first target projected 120 points away.
Double Top
The Double Top reversal pattern has formed on the #INTC M5 chart. Its upper boundary is at 92.67, its lower boundary is at 91.56, and its width is 111 points. A break below the lower boundary is likely to confirm further downward movement toward 91.41.
Triple Bottom
The Triple Bottom pattern has formed on the #INTC M5 chart. A break above the confirmation resistance at 97.57 may signal a reversal from a downtrend to an uptrend.