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 315.78, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on #AAPL M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 305.02 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #AAPL M5. Characteristics: the support level 310.39; the resistance level 311.97; the width of the pattern 158 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 156 points.

The Double Bottom pattern has been formed on #AAPL M5. Characteristics: the support level 309.56; the resistance level 312.68; the width of the pattern 312 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 315 points.

On the chart of the #AAPL M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 308.58, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 320 points.