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

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 271.07 is broken. The further movements will rely on the width of the current pattern 58 points.

According to the chart of M5, #AAPL produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 270.23 while the median line of the Neck is set at 271.92/271.65. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #AAPL will go towards 271.80.

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 213.00 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the #AAPL H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 213.30, a further uptrend is possible.