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

The Bullish pennant signal – Trading instrument #MSFT M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 388.37, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 386.93; the lower boundary is 385.21. The width of the pattern is 182 points. In case of a break of the upper boundary 386.93, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M15, #MSFT formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 395.18 is likely to encourage a continuation of the downward trend.

The Bearish Flag pattern has been formed on the chart #MSFT M5 which signals that the downward trend will continue. If the price breaks below the low at 397.34, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the #MSFT M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 397.34, a trader will be able to successfully enter the sell position.