signal strength 2 of 5
According to the chart of M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 193.01/193.41 and upper border is 193.68/193.41. The pattern width is measured on the chart at -67 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 GBPJPY breaches the lower border, the price could continue its move toward 193.18.
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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- #AAPL
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- GBPJPY
- GBPUSD
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On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 20.54; the lower boundary 20.05; the width of the pattern 49 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9395; the lower boundary 0.9384; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #TSLA M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 310.12 is broken through. Recommendations: Place
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