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

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 20.66, 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 21.09; the lower boundary is 20.79. The width of the pattern is 33 points. In case of a break of the upper boundary 21.09, 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.

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 24.44; the lower boundary 22.64; the width of the pattern 180 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 22.49 level.

According to the chart of M5, #INTC formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 23.25/23.49 whereas the upper border goes across 23.82/23.49. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #INTC will breach the upper border to head for 23.64.

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 23.42/23.61 with the upper limit 23.76/23.76; the projection of the width is 34 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 23.42, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #INTC M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 23.78, with the prospect of the next move being a projection of the flagpole height.

The Bearish pennant pattern has formed on the #INTC M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 22.77; the projection of the flagpole height is equal to 200 pips. In case the price breaks out the pattern’s bottom of 22.77, the downtrend is expected to continue for further level 22.47.

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.

The Bearish pennant pattern has formed on the #INTC M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 22.59; the projection of the flagpole height is equal to 194 pips. In case the price breaks out the pattern’s bottom of 22.59, the downtrend is expected to continue for further level 22.36.

The Bearish pennant pattern has formed on the #INTC M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 25.39; the projection of the flagpole height is equal to 207 pips. In case the price breaks out the pattern’s bottom of 25.39, the downtrend is expected to continue for further level 25.24.