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

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 398.90; the lower boundary 398.03; the width of the pattern 87 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 397.88 level.

The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 400.16; the lower boundary 391.35; the width of the pattern is 895 points. Sell trades are better to be opened below the lower boundary 391.35 with a possible movements towards the 391.20 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 389.45, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 444 points.

According to the chart of M5, #MSFT formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 393.89 and support 389.24. In case the resistance level 393.89 - 393.89 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the #MSFT M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 400.27/400.81 with the upper limit 403.09/402.34; the projection of the width is 282 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 400.27, the price is most likely to continue the downward movement.