signal strength 1 of 5
On the chart of the GOLD 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 3037.74, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1408 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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The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 143.78; the lower boundary is 143.65. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3892; the lower boundary is 1.3885. The width of the pattern is 7 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 193.44; the lower boundary is 193.02. The width of the pattern is 39 points. In case
The M5 and M15 time frames may have more false entry points.
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