FX.co ★ Patterns #MSFT | Microsoft Corporation Stock Price

The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 398.49; the lower boundary is 396.83. The width of the pattern is 181 points. In case of a break of the upper boundary 398.49, 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.

According to the chart of H1, #MSFT formed the Inverse Head and Shoulder pattern. The Head’s top is set at 403.62 while the median line of the Neck is found at 394.28/398.23. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #MSFT will go towards 404.02

The Bearish pennant pattern has formed on the #MSFT M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 399.42 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.

The Bearish pennant pattern has formed on the #MSFT 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 398.19, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on the chart #MSFT M15 which signals that the downward trend will continue. If the price breaks below the low at 405.89, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

The Bearish pennant pattern has formed on the #MSFT M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 405.89 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.

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 410.57 is broken. The further movements will rely on the width of the current pattern 99 points.

The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 411.91; the resistance level 413.09; the width of the pattern 118 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 118 points.

The Bullish pennant pattern is formed on the #MSFT M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 418.45, a further uptrend is possible.

According to the chart of M5, #MSFT formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 418.19 and support 415.92. In case the resistance level 418.19 - 418.19 is broken, the instrument is likely to follow the bullish trend.