signal strength 2 of 5
On the chart of EURJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 162.58; the lower boundary 162.37; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 162.15 level.
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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According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.14 - 0.00
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 GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 97, support level -217
The M5 and M15 time frames may have more false entry points.
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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 36.10
The M5 and M15 time frames may have more false entry points.
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