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

According to the chart of M5, #AAPL formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 269.59 - 0.00 and support 268.15 – 268.15. In case the resistance level 268.15 - 268.15 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on #AAPL 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 269.59 is broken. The further movements will rely on the width of the current pattern 144 points.

The Double Bottom pattern has been formed on #AAPL M15. 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 272.75 is broken. The further movements will rely on the width of the current pattern 199 points.

The Triple Bottom pattern has been formed on #AAPL M5. It has the following characteristics: resistance level 272.75/271.77; support level 270.76/270.82; the width is 199 points. In the event of a breakdown of the resistance level of 272.75, the price is likely to continue an upward movement at least to 271.02.

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 271.02 is broken, the downward movement will continue.