signal strength 1 of 5
The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 162.59/162.72 with the upper limit 162.78/162.77; the projection of the width is 19 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 162.59, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6204; the lower boundary 0.6189; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8514
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0800; the lower boundary is 2.0774. The width of the pattern is 26 points. In case
The M5 and M15 time frames may have more false entry points.
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