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Actual patterns
Double Bottom
The Double Bottom pattern has been formed on #AAPL M15; the upper boundary is 240.02; the lower boundary is 236.15. The width of the pattern is 394 points. In case of a break of the upper boundary 240.02, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Double Bottom
The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 239.34; the lower boundary is 236.32. The width of the pattern is 326 points. In case of a break of the upper boundary 239.34, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Bearish pennant
The Bearish pennant pattern has formed on the #AAPL M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 234.66, a trader will be able to successfully enter the sell position.
Double Bottom
The Double Bottom pattern has been formed on #AAPL M5. 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 244.57 is broken. The further movements will rely on the width of the current pattern 314 points.
Bearish pennant
The Bearish pennant pattern has formed on the #AAPL M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 240.91, a trader will be able to successfully enter the sell position.