signal strength 2 of 5
The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 93.07/93.31 with the upper limit 93.43/93.42; the projection of the width is 36 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 93.07, 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 Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0934; the projection
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M15. Characteristics: the support level 87.13; the resistance level 87.26; the width of the pattern 13 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY 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.
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