FX.co ★ Patterns #AAPL | Apple Inc. Stock Price

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 255.07 is broken. The further movements will rely on the width of the current pattern 60 points.

According to the chart of M5, #AAPL formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 261.35 and 260.43 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 92 pips. Outlook: If the upper border 261.35 is broken, the price is likely to continue its move by 261.09.

According to the chart of M5, #AAPL formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 260.44 – 260.44 and upper border 261.35 – 261.35. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 259.49/260.44 with the upper limit 261.91/261.32; the projection of the width is 242 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 259.49, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #AAPL M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 262.36, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 255.46, the lower border is 254.04. The signal means that a long position should be opened above the upper border 255.46 of the Bullish Rectangle.

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 254.18 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 244.32; the projection of the flagpole height is equal to 451 pips. In case the price breaks out the pattern’s bottom of 244.32, the downtrend is expected to continue for further level 244.17.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 256.83; the lower boundary is 256.10. The width of the pattern is 80 points. In case of a break of the upper boundary 256.83, 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 Double Bottom pattern has been formed on #AAPL M30. Characteristics: the support level 256.29; the resistance level 259.90; the width of the pattern 361 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 370 points.