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

The Bullish pennant signal – Trading instrument #AAPL M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 197.78, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has been formed on #AAPL M15. It has the following characteristics: resistance level 191.73/191.10; support level 189.80/190.18; the width is 193 points. In the event of a breakdown of the resistance level of 191.73, the price is likely to continue an upward movement at least to 190.34.

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 198.91 is broken. The further movements will rely on the width of the current pattern 273 points.

The Bearish Flag pattern has been formed on the chart #AAPL M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 195.72, traders should enter the market.

The Bearish pennant pattern has formed on the #AAPL M15 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 195.72, a trader will be able to successfully enter the sell position.