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

The Triple Top pattern has formed on the chart of the #MSFT M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -45, and pattern’s width 120. Forecast If the price breaks through the support level 393.40, it is likely to move further down to 394.47.

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7811 and support 0.7805. In case the resistance level 0.7811 - 0.7811 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on #INTC M15; the upper boundary is 65.64; the lower boundary is 62.08. The width of the pattern is 357 points. In case of a break of the upper boundary 65.64, 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, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5572, the lower border is 0.5565. The signal means that a long position should be opened above the upper border 0.5572 of the Bullish Rectangle.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 330.25; the lower boundary 329.34; the width of the pattern 91 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 329.19 level.