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

On the chart of the #INTC M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 20.96, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 45 points.

The Bullish pennant pattern is formed on the #INTC M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 21.41, a further uptrend is possible.

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 20.86 is broken. The further movements will rely on the width of the current pattern 39 points.

The Bullish pennant pattern is formed on the #INTC M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 21.06, a further uptrend is possible.

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 21.08, with the prospect of the next move being a projection of the flagpole height.