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

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 -6, support level -45, and pattern’s width 120. Forecast If the price breaks through the support level 393.40, it is likely to move further down to 394.47.

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 389.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 464 points.

The Bullish pennant pattern is formed on the #MSFT M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 394.43, a further uptrend is possible.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 372.80; the lower boundary 371.18; the width of the pattern 162 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 371.03 level.

The Bullish pennant signal – Trading instrument #MSFT M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 368.37, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #MSFT M15. Characteristics: the support level 356.51; the resistance level 365.32; the width of the pattern 881 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 847 points.

The Double Bottom pattern has been formed on #MSFT M30; the upper boundary is 365.32; the lower boundary is 356.85. The width of the pattern is 881 points. In case of a break of the upper boundary 365.32, 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 Double Bottom pattern has been formed on #MSFT H1. 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 365.32 is broken. The further movements will rely on the width of the current pattern 881 points.

The Bearish pennant pattern has formed on the #MSFT M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 401.26 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on #MSFT M30. 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 407.90 is broken. The further movements will rely on the width of the current pattern 385 points.