FX.co ★ Patterns #MSFT | Microsoft Corporation Stock Price

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.

According to the chart of M5, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 399.20/400.91 and upper border is 403.08/400.91. The pattern width is measured on the chart at -388 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 400.76.

The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 408.14; the resistance level 410.19; the width of the pattern 205 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 211 points.

The Double Top pattern has been formed on #MSFT M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 408.35 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #MSFT M5 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 412.81.

The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 399.66; the lower boundary 396.02; the width of the pattern is 352 points. Sell trades are better to be opened below the lower boundary 396.02 with a possible movements towards the 395.87 level.

The #MSFT M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 412.45, the Neckline and the upward angle are at 406.86/406.86. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #MSFT will go towards 406.71.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 412.45; the lower boundary is 406.86. The width of the pattern is 559 points. In case of a break of the upper boundary 412.45, 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 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 31, support level -39, and pattern’s width 236. Forecast If the price breaks through the support level 405.80, it is likely to move further down to 407.50.

The Bullish pennant signal – Trading instrument #MSFT M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 408.16, with the prospect of the next move being a projection of the flagpole height.