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

The Bearish Pennant pattern has formed on the #MSFT H1 chart. A break below the pennant low at 478.64 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bearish Pennant pattern has formed on the #MSFT M5 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 483.96.

The Triple Bottom pattern has formed on the #MSFT M5 chart. A break above the confirmation resistance at 495.81 may signal a reversal from a downtrend to an uptrend.

The Bullish Pennant pattern has formed on the #MSFT M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 499.91, the uptrend is expected to continue toward 500.06.

The Head and Shoulders pattern has formed on the #MSFT M5 chart. The head high is at 491.60, while the neckline passes through 487.66/488.26. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.