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

According to the chart of M15, #MSFT formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 395.18 is likely to encourage a continuation of the downward trend.

The Bearish Flag pattern has been formed on the chart #MSFT M5 which signals that the downward trend will continue. If the price breaks below the low at 397.34, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the #MSFT M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 397.34, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the #MSFT M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 400.72/400.78 with the upper limit 402.52/401.90; the projection of the width is 180 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 400.72, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #MSFT M30. Characteristics: the support level 398.02; the resistance level 406.19; the width of the pattern 817 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 811 points.