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

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.

The Bullish pennant graphic pattern has formed on the #AAPL M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 281.17.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 277.34; the lower boundary is 273.25. The width of the pattern is 410 points. In case of a break of the upper boundary 277.34, 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 Bullish pennant graphic pattern has formed on the #AAPL M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 278.99.

The Double Top pattern has been formed on #AAPL M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 267.58 is broken, the downward movement will continue.

According to the chart of M5, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 264.78, the lower border is 263.75. The signal means that a long position should be opened above the upper border 264.78 of the Bullish Rectangle.