signal strength 1 of 5
The Triple Top pattern has formed on the chart of the EURGBP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8447/0.8457 with the upper limit 0.8461/0.8462; the projection of the width is 14 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 0.8447, 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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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.94; the lower boundary 199.85; the width of the pattern 9 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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The GBPUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3507, the Neckline and the upward angle are at 1.3498/1.3497. The formation
The M5 and M15 time frames may have more false entry points.
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