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

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.

The Bullish pennant graphic pattern has formed on the #INTC M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 61.47.

According to the chart of M5, #INTC formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 59.86 – 59.86 and upper border 61.07 – 61.07. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 61.04; the lower boundary 60.01; the width of the pattern is 106 points. Sell trades are better to be opened below the lower boundary 60.01 with a possible movements towards the 59.86 level.

The Bullish pennant pattern is formed on the #INTC M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 42.57, a further uptrend is possible.