FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on #INTC M15. 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 22.47 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, #INTC formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 22.68, the lower border is 22.44. The signal means that a long position should be opened above the upper border 22.68 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #INTC M15. Characteristics: the upper boundary 22.67; the lower boundary 22.44; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 22.44 with a possible movements towards the 22.22 level.

The Bullish Flag pattern has been formed on the chart #INTC M5 which signals that the upward trend will continue. Signals: а break of the peak at 20.90 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the #INTC M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 20.90, a further uptrend is possible.

The #INTC H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 22.43, the Neckline and the upward angle are at 20.28/20.38. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #INTC will go towards 19.98.

According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 20.38/20.54 and upper border is 20.76/20.54. The pattern width is measured on the chart at -38 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 20.32.

The Double Bottom pattern has been formed on #INTC M15. 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 22.43 is broken. The further movements will rely on the width of the current pattern 215 points.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 21.20 with the upper limit 21.20/20.76, the projection of the width is 38 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 20.82, the price is most likely to continue the upward movement.

According to the chart of M5, #INTC formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 20.91, the lower border is 20.74. The signal means that a long position should be opened above the upper border 20.91 of the Bullish Rectangle.