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FX.co ★ #MSFT M5: Bearish Rectangle

#MSFT M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #MSFT formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 471.20 - 0.00 and support 465.97 – 465.97. In case the resistance level 465.97 - 465.97 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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