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

According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 202.57/203.12 and upper border is 203.75/203.12. The pattern width is measured on the chart at -118 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 202.97.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 206.19; the lower boundary is 202.57. The width of the pattern is 357 points. In case of a break of the upper boundary 206.19, 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.

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 202.73 is broken, the downward movement will continue.

According to the chart of M5, #AAPL formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 200.01/201.18 whereas the upper border goes across 202.09/201.18. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #AAPL will breach the upper border to head for 201.33.

According to the chart of M5, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 202.09, the lower border is 200.08. The signal means that a long position should be opened above the upper border 202.09 of the Bullish Rectangle.