FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 294.72, the lower border is 292.15. The signal means that a long position should be opened above the upper border 294.72 of the Bullish Rectangle.

The Bullish pennant pattern is formed on the #AAPL M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 294.48, a further uptrend is possible.

The Triple Top pattern has formed on the chart of the #AAPL M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 283.85/285.69 with the upper limit 286.67/287.06; the projection of the width is 282 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 283.85, the price is most likely to continue the downward movement.

According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 274.84/276.64 and upper border is 278.13/276.64. The pattern width is measured on the chart at -329 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AAPL breaches the lower border, the price could continue its move toward 276.49.

The Bullish pennant graphic pattern has formed on the #AAPL M15 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 287.42.

According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 269.62 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -66 pips.

The Double Bottom pattern has been formed on #AAPL M5. Characteristics: the support level 269.62; the resistance level 270.22; the width of the pattern 60 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 54 points.

The Triple Bottom pattern has formed on the chart of the #AAPL M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 272.52/271.64.

The #AAPL M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 275.71, the Neckline and the upward angle are at 272.08/271.60. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #AAPL will go towards 271.30.

According to the chart of M15, #AAPL formed the Head and Shoulders pattern. The Head’s top is set at 275.71 while the median line of the Neck is found at 272.08/271.60. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #AAPL will go towards 271.38.