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

According to the chart of M5, #MSFT formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 375.68 – 375.68 and upper border 378.01 – 378.01. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant graphic pattern has formed on the #MSFT M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 381.69.

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 359.45 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 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 359.45, 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 Double Bottom pattern has been formed on #MSFT 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 374.28 is broken. The further movements will rely on the width of the current pattern 603 points.

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 375.95, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the #MSFT H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 130, support level -1639, and pattern’s width 2524. Forecast If the price breaks through the support level 367.97, it is likely to move further down to 394.21.

On the chart of the #MSFT M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 367.97, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2524 points.

The Bullish pennant graphic pattern has formed on the #MSFT M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 392.06.

The Bullish pennant pattern is formed on the #MSFT M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 393.01, a further uptrend is possible.