signal strength 3 of 5
On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 86.36; the lower boundary 86.23; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 85.93 level.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- #INTC
- #KO
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- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
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- AUDUSD
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- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
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- NZDUSD
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- USDCAD
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 34.30
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0644 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the EURCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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