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

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 400.27/400.81 with the upper limit 403.09/402.34; the projection of the width is 282 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 400.27, the price is most likely to continue the downward movement.

According to the chart of M5, #MSFT formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 403.09 and 400.00 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 309 pips. Outlook: If the upper border 403.09 is broken, the price is likely to continue its move by 401.71.

According to M5, #MSFT is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 392.38/392.71 is broken out, the instrument is likely to move toward 392.86.

The Bullish Flag pattern has been formed on the chart #MSFT M30 which signals that the upward trend will continue. Signals: а break of the peak at 400.94 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument #MSFT M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 400.94, with the prospect of the next move being a projection of the flagpole height.

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 399.13.

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 384.18, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 356 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 378.74, a trader will be able to successfully enter the sell position.

The Double Top pattern has been formed on #MSFT M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 391.40 is broken, the downward movement will continue.

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 391.40 is broken, the downward movement will continue.