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

According to the chart of M30, #AAPL formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 227.14 – 227.14 and upper border 229.71 – 229.71. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on #AAPL M5. Characteristics: the upper boundary 234.67; the lower boundary 234.03; the width of the pattern is 61 points. Sell trades are better to be opened below the lower boundary 234.03 with a possible movements towards the 233.88 level.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 231.93; the lower boundary is 231.04. The width of the pattern is 84 points. In case of a break of the upper boundary 231.93, 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.

According to the chart of M15, #AAPL formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 227.73/229.34 and upper border is 231.49/229.34. The pattern width is measured on the chart at -376 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 #AAPL breaches the lower border, the price could continue its move toward 229.12.

On the chart of #AAPL M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 236.57; the lower boundary 236.07; the width of the pattern 50 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 235.92 level.