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

The Double Bottom pattern has been formed on #AAPL M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 272.75 is broken. The further movements will rely on the width of the current pattern 199 points.

The Triple Bottom pattern has been formed on #AAPL M5. It has the following characteristics: resistance level 272.75/271.77; support level 270.76/270.82; the width is 199 points. In the event of a breakdown of the resistance level of 272.75, the price is likely to continue an upward movement at least to 271.02.

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.