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

The Double Top pattern has been formed on #AAPL M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 271.02 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #AAPL M30. Characteristics: the upper boundary 274.83; the lower boundary 271.02; the width of the pattern is 388 points. Sell trades are better to be opened below the lower boundary 271.02 with a possible movements towards the 270.72 level.

The Bullish pennant signal – Trading instrument #AAPL M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 275.70, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on #AAPL M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 272.33 is broken, the downward movement will continue.

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 275.37, a further uptrend is possible.