signal strength 1 of 5
According to the chart of M5, #MCD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 290.81/289.55 whereas the lower border goes across 288.46/289.55. The pattern width is measured on the chart at 235 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 289.55 is broken, the price could continue its move toward 289.70.
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
- #AMZN
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- #PEP
- #TSLA
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The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.02
The M5 and M15 time frames may have more false entry points.
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According to M30, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5860/0.5861 is broken out, the instrument is likely to move toward
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The Double Top reversal pattern has been formed on GBPUSD M30. Characteristics: the upper boundary 1.3458; the lower boundary 1.3416; the width of the pattern is 40 points. Sell trades
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