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

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 -6, support level -45, and pattern’s width 120. Forecast If the price breaks through the support level 393.40, it is likely to move further down to 394.47.

On the chart of the #MSFT M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 389.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 464 points.

The Bullish pennant pattern is formed on the #MSFT M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 394.43, a further uptrend is possible.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 372.80; the lower boundary 371.18; the width of the pattern 162 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 371.03 level.

The Bullish pennant signal – Trading instrument #MSFT M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 368.37, with the prospect of the next move being a projection of the flagpole height.