signal strength 1 of 5

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6025 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Bearish Flag pattern has been formed on NZDCAD at M30. The lower boundary of the pattern is located at 0.8038/0.8046 while the upper boundary lies at 0.8048/0.8056. The projection
Open chart in a new windowThe Bearish pennant pattern has formed on the NZDCAD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8038; the projection
Open chart in a new windowThe Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
Open chart in a new window