FX.co ★ Patterns #INTC | Intel Corporation Stock Price

The Double Bottom pattern has been formed on #INTC M5; the upper boundary is 18.81; the lower boundary is 18.62. The width of the pattern is 19 points. In case of a break of the upper boundary 18.81, 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 Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 19.43/19.33; support level 19.10/19.15; the width is 33 points. In the event of a breakdown of the resistance level of 19.43, the price is likely to continue an upward movement at least to 19.36.

The Bearish pennant pattern has formed on the #INTC M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 19.08; the projection of the flagpole height is equal to 82 pips. In case the price breaks out the pattern’s bottom of 19.08, the downtrend is expected to continue for further level 18.85.

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 20.65/20.24; support level 19.98/19.90; the width is 67 points. In the event of a breakdown of the resistance level of 20.65, the price is likely to continue an upward movement at least to 20.14.

According to the chart of H1, #INTC formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 17.66 is likely to encourage a continuation of the downward trend.

The Bullish pennant graphic pattern has formed on the #INTC M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 20.82.

According to the chart of M5, #INTC formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 19.16 is likely to encourage a continuation of the downward trend.

According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 18.56/19.63 and upper border is 20.82/19.63. The pattern width is measured on the chart at -226 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 #INTC breaches the lower border, the price could continue its move toward 19.41.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 21.04 with the upper limit 21.04/20.41, the projection of the width is 102 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 20.02, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #INTC M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 20.02, a trader will be able to successfully enter the sell position.