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

The Double Bottom pattern has been formed on #MSFT M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 419.59 is broken. The further movements will rely on the width of the current pattern 158 points.

According to the chart of M5, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 409.14/411.50 and upper border is 413.61/411.50. The pattern width is measured on the chart at -447 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MSFT breaches the lower border, the price could continue its move toward 411.35.

On the chart of the #MSFT M15 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 406.76, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 579 points.

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 5, support level -10, and pattern’s width 100. Forecast If the price breaks through the support level 411.13, it is likely to move further down to 412.06.

According to the chart of M5, #MSFT formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 412.21, the lower border is 411.13. The signal means that a long position should be opened above the upper border 412.21 of the Bullish Rectangle.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 412.21; the lower boundary 411.13; the width of the pattern 108 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 410.98 level.

The Triple Bottom pattern has been formed on #MSFT M5. It has the following characteristics: resistance level 413.67/413.14; support level 411.55/411.48; the width is 212 points. In the event of a breakdown of the resistance level of 413.67, the price is likely to continue an upward movement at least to 411.85.

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 1, support level -80, and pattern’s width 181. Forecast If the price breaks through the support level 404.74, it is likely to move further down to 406.49.

The Bullish pennant graphic pattern has formed on the #MSFT M15 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 407.30.

According to the chart of M5, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 399.20/401.20 and upper border is 402.93/401.20. The pattern width is measured on the chart at -373 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MSFT breaches the lower border, the price could continue its move toward 401.05.