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

The Double Top pattern has been formed on #MSFT M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 489.72 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the #MSFT M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -15, support level -29, and pattern’s width 135. Forecast If the price breaks through the support level 498.33, it is likely to move further down to 499.91.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 490.57; the lower boundary is 489.72. The width of the pattern is 77 points. In case of a break of the upper boundary 490.57, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 499.29; the lower boundary 496.95; the width of the pattern is 241 points. Sell trades are better to be opened below the lower boundary 496.95 with a possible movements towards the 496.80 level.

The Bullish pennant graphic pattern has formed on the #MSFT 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 499.68.