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

The Bearish Flag pattern has been formed on the chart #MSFT M5 which signals that the downward trend will continue. If the price breaks below the low at 397.34, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the #MSFT M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 397.34, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the #MSFT M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 400.72/400.78 with the upper limit 402.52/401.90; the projection of the width is 180 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 400.72, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #MSFT M30. Characteristics: the support level 398.02; the resistance level 406.19; the width of the pattern 817 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 811 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 8, support level -86, and pattern’s width 207. Forecast If the price breaks through the support level 404.12, it is likely to move further down to 405.76.

The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 402.84; the resistance level 405.66; the width of the pattern 282 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 303 points.

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 410.63, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 143 points.

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 400.41 is broken. The further movements will rely on the width of the current pattern 807 points.

The Bearish pennant pattern has formed on the #MSFT M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 397.71, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 412.77; the lower boundary is 409.43. The width of the pattern is 340 points. In case of a break of the upper boundary 412.77, 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.