signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GBPAUD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0592/2.0597 with the upper limit 2.0615/2.0616; the projection of the width is 23 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 2.0592, 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
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- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 31.11; the lower boundary 30.82; the width of the pattern 280 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 188.20 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GBPJPY M5. It has the following characteristics: resistance level 188.56/188.54; support level 188.20/188.25; the width is 36 points. In the event
The M5 and M15 time frames may have more false entry points.
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