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

The Triple Bottom pattern has formed on the #MSFT M5 chart. It has the following characteristics: resistance at 501.14; support at 500.11; pattern width of 103 points. If the confirmation resistance at 501.72 is broken, the price is likely to continue upward by at least 175 points.

The Bearish Pennant pattern has formed on the #MSFT M5 chart. A break below the pennant low at 502.59 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Double Top reversal pattern has formed on the #MSFT M5 chart. Its upper boundary is at 517.75, its lower boundary is at 515.81, and its width is 188 points. A short position may be considered below the lower boundary at 515.81, with a potential target at 515.66.

The Bearish Pennant pattern has formed on the #MSFT H1 chart. A break below the pennant low at 478.64 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bearish Pennant pattern has formed on the #MSFT M5 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 483.96.