FX.co ★ #MSFT M5: Bearish Flag

The Bearish Flag pattern has been formed on #MSFT at M5. The lower boundary of the pattern is located at 430.21/431.27 while the upper boundary lies at 431.43/432.49. The projection of the flagpole is 312 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 430.21 is broken, the price will move further downwards.