FX.co ★ #INTC M5: Bearish Flag

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.