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FX.co ★ #MSFT M5: Bearish Rectangle

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Technical Analysis Patterns

2024-11-27T20:25:36
Signal strength 1 of 5

#MSFT M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #MSFT formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 424.97, the lower border is 423.05. The signal means that a short position should be opened after fixing a price below the lower border 423.05 of the Bearish Rectangle.
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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Other patterns by #MSFT