signal strength 1 of 5
On the chart of the #AMZN M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 192.76, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 152 points.
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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
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- NZDUSD
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- USDJPY
- USDRUB
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The Double Bottom pattern has been formed on USDCHF M15; the upper boundary is 0.8235; the lower boundary is 0.8207. The width of the pattern is 26 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the GBPCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1412; the lower boundary 1.1373; the width of the pattern 39 points
The M5 and M15 time frames may have more false entry points.
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