FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Double Bottom pattern has been formed on #INTC M5. Characteristics: the support level 44.92; the resistance level 45.15; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 24 points.

The Triple Top pattern has formed on the chart of the #INTC M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -21, support level -65, and pattern’s width 101. Forecast If the price breaks through the support level 45.03, it is likely to move further down to 45.94.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 46.04; the lower boundary 45.03; the width of the pattern is 106 points. Sell trades are better to be opened below the lower boundary 45.03 with a possible movements towards the 44.88 level.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 43.62 with the upper limit 43.62/43.43, the projection of the width is 35 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 43.27, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 44.38; the lower boundary 44.14; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 44.14 with a possible movements towards the 43.99 level.