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

The Double Top pattern has been formed on #AAPL M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 322.20 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of #AAPL M5. Features of the pattern: The lower line of the pattern has coordinates 326.52 with the upper limit 326.52/325.13, the projection of the width is 213 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 324.39, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #AAPL M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 325.56 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Top reversal pattern has been formed on #AAPL M30. Characteristics: the upper boundary 334.93; the lower boundary 328.99; the width of the pattern is 563 points. Sell trades are better to be opened below the lower boundary 328.99 with a possible movements towards the 328.69 level.

The Bearish Flag pattern has been formed on #AAPL at M5. The lower boundary of the pattern is located at 328.17/330.51 while the upper boundary lies at 330.47/332.81. The projection of the flagpole is 494 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 328.17 is broken, the price will move further downwards.