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

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.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 21.48 with the upper limit 21.48/21.44, the projection of the width is 43 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 21.05, the price is most likely to continue the upward movement.

According to the chart of M5, #INTC formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 21.48 - 0.00 and support 21.05 – 21.05. In case the resistance level 21.05 - 21.05 is broken, the instrument is likely to follow the bearish trend.

The Bearish Flag pattern has been formed on #INTC at M5. The lower boundary of the pattern is located at 21.10/21.22 while the upper boundary lies at 21.20/21.32. The projection of the flagpole is 80 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 21.10 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #INTC M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 21.10 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.

According to the chart of M5, #INTC formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 22.56 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #INTC M30 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 22.56, a trader will be able to successfully enter the sell position.