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FX.co ★ #AAPL M5: Bearish Symmetrical Triangle

#AAPL M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, #AAPL formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 168.37/169.59 and upper border is 170.60/169.59. The pattern width is measured on the chart at -223 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AAPL breaches the lower border, the price could continue its move toward 169.44.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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