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

The Bullish pennant pattern is formed on the #MSFT M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 393.01, a further uptrend is possible.

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 362.82; the lower boundary 359.05; the width of the pattern 377 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 358.90 level.

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 362.62; the lower boundary is 358.00. The width of the pattern is 446 points. In case of a break of the upper boundary 362.62, 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 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.