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

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 103.16/102.88; support level 101.58/101.67; the width is 158 points. In the event of a breakdown of the resistance level of 103.16, the price is likely to continue an upward movement at least to 101.70.

The Double Bottom pattern has been formed on #INTC M5. Characteristics: the support level 101.58; the resistance level 103.16; the width of the pattern 158 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 161 points.

The Double Bottom pattern has been formed on #INTC M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 119.24 is broken. The further movements will rely on the width of the current pattern 158 points.

According to the chart of M5, #INTC formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 117.07 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -357 pips.

The Bullish pennant signal – Trading instrument #INTC M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 122.79, with the prospect of the next move being a projection of the flagpole height.