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 527.89; support at 526.19; pattern width of 170 points. If the confirmation resistance at 528.62 is broken, the price is likely to continue upward by at least 213 points.

The Double Top reversal pattern has formed on the #MSFT M30 chart. Its upper boundary is at 534.68, its lower boundary is at 530.50, and its width is 400 points. A short position may be considered below the lower boundary at 530.50, with a potential target at 530.20.

The Head and Shoulders pattern has formed on the #MSFT M15 chart. The head high is at 534.68, while the neckline passes through 530.69/530.50. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Triple Top reversal pattern has formed on the #MSFT M5 chart. Its upper boundary is at 530.75/530.64, its lower boundary is at 527.28/529.25, and its current width is 183 points. If the confirmation support at 527.28 is broken, that width can be used to project the downward move.

The Bullish Pennant pattern has formed on the #MSFT M15 chart. This is a continuation pattern. If the price closes above the pennant high at 531.62, the uptrend is likely to continue.