FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bearish Pennant
The Bearish Pennant pattern has formed on the #AAPL M15 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 331.48.
Double Bottom
The Double Bottom pattern has formed on the #AAPL M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 332.74. The projected move is based on the pattern width of 114 points.
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Triple Top
The Triple Top pattern has formed on the chart of the #AAPL M5 trading instrument. It is a reversal pattern with resistance at 340.19/340.42, support at 338.88/339.55, and a width of 131 points. A break below the confirmation support at 338.88 may signal further downward movement.
Double Top
The Double Top pattern has formed on the #AAPL M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 339.13 is likely to confirm further downward movement.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #AAPL M5 chart. A break below the lower boundary at 315.23 is likely to signal a continuation of the downtrend.