FX.co ★ Patterns #MSFT | Microsoft Corporation Stock Price
#MSFT M5
Bearish Rectangle
According to the chart of M5, #MSFT formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 412.35 - 0.00 and support 410.97 – 410.97. In case the resistance level 410.97 - 410.97 is broken, the instrument is likely to follow the bearish trend.
#MSFT M5
Double Bottom
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 412.35 is broken. The further movements will rely on the width of the current pattern 138 points.
#MSFT M30
Double Bottom
The Double Bottom pattern has been formed on #MSFT M30; the upper boundary is 411.21; the lower boundary is 406.34. The width of the pattern is 489 points. In case of a break of the upper boundary 411.21, 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.
#MSFT M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of the #MSFT M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 410.86/409.36.
#MSFT M5
Bearish Rectangle
According to the chart of M5, #MSFT formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 434.10 – 434.10 and upper border 435.36 – 435.36. In case the lower border is broken, the instrument is likely to follow the downward trend.
#MSFT M15
Bullish pennant
The Bullish pennant signal – Trading instrument #MSFT M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 438.27, with the prospect of the next move being a projection of the flagpole height.
#MSFT M5
Bearish Symmetrical Triangle
According to the chart of M5, #MSFT formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 422.42 is likely to encourage a continuation of the downward trend.
#MSFT M15
Double Bottom
The Double Bottom pattern has been formed on #MSFT M15; the upper boundary is 425.91; the lower boundary is 422.42. The width of the pattern is 340 points. In case of a break of the upper boundary 425.91, 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.
#MSFT M30
Double Top
The Double Top pattern has been formed on #MSFT M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 426.67 is broken, the downward movement will continue.
#MSFT M5
Double Top
The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 417.66; the lower boundary 417.03; the width of the pattern is 60 points. Sell trades are better to be opened below the lower boundary 417.03 with a possible movements towards the 416.88 level.