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

The Double Bottom pattern has been formed on #MSFT 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 385.05 is broken. The further movements will rely on the width of the current pattern 477 points.

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 374.65, with the prospect of the next move being a projection of the flagpole height.

The Bearish pennant pattern has formed on the #MSFT M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 372.44 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.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 391.82; the lower boundary 389.43; the width of the pattern 239 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 389.28 level.

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 -3, support level -14, and pattern’s width 158. Forecast If the price breaks through the support level 389.55, it is likely to move further down to 390.77.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 394.61; the lower boundary is 392.13. The width of the pattern is 241 points. In case of a break of the upper boundary 394.61, 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 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 392.40 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 385.79; the lower boundary is 383.58. The width of the pattern is 214 points. In case of a break of the upper boundary 385.79, 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.

According to the chart of H1, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 377.44/386.30 and upper border is 395.49/386.30. The pattern width is measured on the chart at -1805 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MSFT breaches the lower border, the price could continue its move toward 385.90.

According to the chart of M5, #MSFT produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 381.16 while the median line of the Neck is set at 384.06/383.85. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #MSFT will go towards 384.00.