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

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 431.56;the lower boundary 429.14; the width of the pattern 242 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 428.99 level.

According to the chart of H1, #MSFT formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 421.97/431.05 whereas the upper border goes across 441.18/431.05. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #MSFT will breach the upper border to head for 431.45.

According to the chart of H1, #MSFT formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 421.97/431.05 whereas the upper border goes across 441.18/431.05. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #MSFT will breach the upper border to head for 431.45.

The Bearish Flag pattern has been formed on #MSFT at M5. The lower boundary of the pattern is located at 430.21/431.27 while the upper boundary lies at 431.43/432.49. The projection of the flagpole is 312 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 430.21 is broken, the price will move further downwards.

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 430.21, a trader will be able to successfully enter the sell position.