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

According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 257.16 is likely to encourage a continuation of the downward 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 261.88 is broken. The further movements will rely on the width of the current pattern 440 points.

The Double Top reversal pattern has been formed on #AAPL M5. Characteristics: the upper boundary 262.43; the lower boundary 261.27; the width of the pattern is 117 points. Sell trades are better to be opened below the lower boundary 261.27 with a possible movements towards the 261.12 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 256.90 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #AAPL M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 258.84; the projection of the flagpole height is equal to 426 pips. In case the price breaks out the pattern’s bottom of 258.84, the downtrend is expected to continue for further level 258.69.