FX.co ★ Patterns #INTC | Intel Corporation Stock Price

The Double Bottom pattern has been formed on #INTC 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 20.86 is broken. The further movements will rely on the width of the current pattern 39 points.

The Bullish pennant pattern is formed on the #INTC M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 21.06, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #INTC M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 21.08, with the prospect of the next move being a projection of the flagpole height.

The Triple Top pattern has formed on the chart of the #INTC M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -12, support level -27, and pattern’s width 39. Forecast If the price breaks through the support level 20.47, it is likely to move further down to 20.87.

The Triple Top pattern has formed on the chart of the #INTC M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 19.41/19.55 with the upper limit 19.74/19.63; the projection of the width is 33 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 19.41, the price is most likely to continue the downward movement.

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 19.72; the lower boundary 19.41; the width of the pattern 31 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 19.26 level.

The Double Bottom pattern has been formed on #INTC H1; the upper boundary is 21.05; the lower boundary is 18.25. The width of the pattern is 287 points. In case of a break of the upper boundary 21.05, 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.

The Bearish pennant pattern has formed on the #INTC 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 18.48, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #INTC M5; the upper boundary is 18.81; the lower boundary is 18.62. The width of the pattern is 19 points. In case of a break of the upper boundary 18.81, 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.

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 19.43/19.33; support level 19.10/19.15; the width is 33 points. In the event of a breakdown of the resistance level of 19.43, the price is likely to continue an upward movement at least to 19.36.