FX.co ★ #INTC M15: Bearish Flag

The Bearish Flag pattern has been formed on #INTC at M15. The lower boundary of the pattern is located at 22.59/23.31 while the upper boundary lies at 23.25/23.97. The projection of the flagpole is 194 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 22.59 is broken, the price will move further downwards.