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

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 24.76; the lower boundary 24.59; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 24.44 level.

The Triple Bottom pattern has formed on the chart of the #INTC M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 24.39/24.29.

The Double Bottom pattern has been formed on #INTC M5. 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 24.19 is broken. The further movements will rely on the width of the current pattern 11 points.

The #INTC M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 25.58, the Neckline and the upward angle are at 24.83/24.94. 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 #INTC will go towards 24.72.

The #INTC M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 25.58, the Neckline and the upward angle are at 24.83/24.94. 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 #INTC will go towards 24.72.

The Double Bottom pattern has been formed on #INTC M5. 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 25.19 is broken. The further movements will rely on the width of the current pattern 25 points.

According to the chart of M5, #INTC formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 25.14/25.33 whereas the upper border goes across 25.58/25.33. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #INTC will breach the upper border to head for 25.48.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 25.22 with the upper limit 25.22/25.01, the projection of the width is 36 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 24.86, the price is most likely to continue the upward movement.

According to the chart of M30, #INTC formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 26.41 and support 25.82. In case the resistance level 26.41 - 26.41 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #INTC formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 26.41 and support 25.82. In case the resistance level 26.41 - 26.41 is broken, the instrument is likely to follow the bullish trend.