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

The Double Bottom pattern has been formed on #INTC M15. 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 22.47 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, #INTC formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 22.68, the lower border is 22.44. The signal means that a long position should be opened above the upper border 22.68 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #INTC M15. Characteristics: the upper boundary 22.67; the lower boundary 22.44; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 22.44 with a possible movements towards the 22.22 level.

The Bullish Flag pattern has been formed on the chart #INTC M5 which signals that the upward trend will continue. Signals: а break of the peak at 20.90 may push the price higher, and the rise will be the projection of the pole.

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 20.90, a further uptrend is possible.