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

According to the chart of M30, #AAPL formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 227.14 – 227.14 and upper border 229.71 – 229.71. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on #AAPL M5. Characteristics: the upper boundary 234.67; the lower boundary 234.03; the width of the pattern is 61 points. Sell trades are better to be opened below the lower boundary 234.03 with a possible movements towards the 233.88 level.

The Double Bottom pattern has been formed on #AAPL M5; the upper boundary is 231.93; the lower boundary is 231.04. The width of the pattern is 84 points. In case of a break of the upper boundary 231.93, 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.

According to the chart of M15, #AAPL formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 227.73/229.34 and upper border is 231.49/229.34. The pattern width is measured on the chart at -376 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 229.12.

On the chart of #AAPL M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 236.57; the lower boundary 236.07; the width of the pattern 50 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 235.92 level.

According to the chart of M5, #AAPL formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 235.82 and 233.95 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 187 pips. Outlook: If the upper border 235.82 is broken, the price is likely to continue its move by 235.16.

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 236.04.

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 231.10 is broken. The further movements will rely on the width of the current pattern 109 points.

The Bullish pennant pattern is formed on the #AAPL M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 231.34, a further uptrend is possible.

According to the chart of M30, #AAPL formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 229.71, the lower border is 227.14. The signal means that a long position should be opened above the upper border 229.71 of the Bullish Rectangle.