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FX.co ★ #MSFT M5: Bearish Rectangle

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Technical Analysis Patterns

2024-11-05T20:42:32
Signal strength 1 of 5

#MSFT M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #MSFT formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 412.35 - 0.00 and support 410.97 – 410.97. In case the resistance level 410.97 - 410.97 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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