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.