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

The Double Top reversal pattern has been formed on #MSFT H1. Characteristics: the upper boundary 473.33; the lower boundary 468.62; the width of the pattern is 479 points. Sell trades are better to be opened below the lower boundary 468.62 with a possible movements towards the 468.22 level.

The Bullish pennant graphic pattern has formed on the #MSFT 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 469.20.

The Bullish pennant pattern is formed on the #MSFT H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 469.34, a further uptrend is possible.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 461.51; the lower boundary 460.02; the width of the pattern 149 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 459.87 level.

On the chart of the #MSFT M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 458.79, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 216 points.