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

The Triple Top pattern has formed on the chart of the #AAPL M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -15, support level -16, and pattern’s width 105. Forecast If the price breaks through the support level 205.64, it is likely to move further down to 206.52.

The Triple Top pattern has formed on the chart of the #AAPL M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 205.26/205.64 with the upper limit 206.63/206.67; the projection of the width is 137 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 205.26, the price is most likely to continue the downward movement.

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 205.26 is broken, the downward movement will continue.

On the chart of #AAPL M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 207.91; the lower boundary 205.63; the width of the pattern 228 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 205.48 level.

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

The Triple Bottom pattern has been formed on #AAPL M15. It has the following characteristics: resistance level 191.73/191.10; support level 189.80/190.18; the width is 193 points. In the event of a breakdown of the resistance level of 191.73, the price is likely to continue an upward movement at least to 190.34.

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 198.91 is broken. The further movements will rely on the width of the current pattern 273 points.

The Bearish Flag pattern has been formed on the chart #AAPL M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 195.72, traders should enter the market.

The Bearish pennant pattern has formed on the #AAPL M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 195.72, a trader will be able to successfully enter the sell position.

According to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 199.85 is likely to encourage a continuation of the downward trend.