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

According to the chart of M5, #MSFT formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 371.51 and 367.11 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 440 pips. Outlook: If the upper border 371.51 is broken, the price is likely to continue its move by 369.81.

The Triple Bottom pattern has been formed on #MSFT M5. It has the following characteristics: resistance level 394.35/392.59; support level 390.96/390.68; the width is 339 points. In the event of a breakdown of the resistance level of 394.35, the price is likely to continue an upward movement at least to 391.53.

The Bearish pennant pattern has formed on the #MSFT M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 384.84; the projection of the flagpole height is equal to 1732 pips. In case the price breaks out the pattern’s bottom of 384.84, the downtrend is expected to continue for further level 384.54.

According to the chart of M5, #MSFT formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 386.13 – 386.13 and upper border 389.27 – 389.27. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the #MSFT M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 388.42 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.