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

The #INTC M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 50.37, the Neckline and the upward angle are at 47.42/47.82. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #INTC will go towards 47.52.

The Bullish pennant graphic pattern has formed on the #INTC M15 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 47.69.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 47.46; the lower boundary 46.35; the width of the pattern is 113 points. Sell trades are better to be opened below the lower boundary 46.35 with a possible movements towards the 46.20 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 47.76.

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 43.91 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -90 pips.