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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 162.68/162.78 with the upper limit 163.06/163.07; the projection of the width is 38 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 162.68, 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 Triple Top pattern has formed on the chart of the #NTDOY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -2
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8252; the lower boundary is 0.8240. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, #EBAY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 77.06 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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