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Actual patterns
Bearish Symmetrical Triangle
According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3736/1.3766 and upper border is 1.3799/1.3766. The pattern width is measured on the chart at -63 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 USDCAD breaches the lower border, the price could continue its move toward 1.3751.
Triple Bottom
The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 146.54/146.53; support level 146.35/146.25; the width is 19 points. In the event of a breakdown of the resistance level of 146.54, the price is likely to continue an upward movement at least to 146.50.
Double Bottom
The Double Bottom pattern has been formed on USDJPY 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 146.54 is broken. The further movements will rely on the width of the current pattern 19 points.
Head and Shoulders
According to the chart of M5, #AAPL formed the Head and Shoulders pattern. The Head’s top is set at 202.25 while the median line of the Neck is found at 199.58/199.48. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #AAPL will go towards 199.33.
Bearish pennant
The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 21.51; the projection of the flagpole height is equal to 50 pips. In case the price breaks out the pattern’s bottom of 21.51, the downtrend is expected to continue for further level 21.28.