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

The Bearish pennant pattern has formed on the #AAPL H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 163.81 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

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 165.62 is broken. The further movements will rely on the width of the current pattern 84 points.

The Bearish pennant pattern has formed on the #AAPL M30 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 164.72, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #AAPL M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 164.78 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of D1, #AAPL formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 167.07 – 167.07 and upper border 178.61 – 178.61. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #AAPL M30. 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 170.59 is broken. The further movements will rely on the width of the current pattern 237 points.

The Double Top reversal pattern has been formed on #AAPL M5. Characteristics: the upper boundary 170.59; the lower boundary 169.55; the width of the pattern is 104 points. Sell trades are better to be opened below the lower boundary 169.55 with a possible movements towards the 169.40 level.

According 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 Bullish Flag pattern has been formed on the chart #AAPL M5 which signals that the upward trend will continue. Signals: а break of the peak at 175.63 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the #AAPL M5 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 175.78.