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

The Double Top pattern has been formed on #MA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 504.17 is broken, the downward movement will continue.

According to the chart of M5, #AAPL formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 294.85 and 293.37 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 148 pips. Outlook: If the upper border 294.85 is broken, the price is likely to continue its move by 294.33.

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 293.24/293.45 with the upper limit 294.76/294.74; the projection of the width is 152 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 293.24, the price is most likely to continue the downward movement.

According to the chart of M5, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 294.85, the lower border is 293.24. The signal means that a long position should be opened above the upper border 294.85 of the Bullish Rectangle.

According to the chart of M5, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8151 - 0.0000 and support 0.8142 – 0.8142. In case the resistance level 0.8142 - 0.8142 is broken, the instrument is likely to follow the bearish trend.