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

According to the chart of M5, #AAPL formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 264.69 and support 263.57. In case the resistance level 264.69 - 264.69 is broken, the instrument is likely to follow the bullish trend.

On the chart of the #AAPL M5 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 261.51, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 319 points.

The Triple Top pattern has formed on the chart of the #AAPL M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 262.42/264.96 with the upper limit 266.21/265.91; the projection of the width is 379 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 262.42, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 262.63; the lower boundary is 260.25. The width of the pattern is 249 points. In case of a break of the upper boundary 262.63, 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 Triple Bottom pattern has formed on the chart of #AAPL M5. Features of the pattern: The lower line of the pattern has coordinates 274.22 with the upper limit 274.22/273.64, the projection of the width is 119 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 273.03, the price is most likely to continue the upward movement.