signal strength 1 of 5
According to the chart of M5, GOLD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 3310.33 while the median line of the Neck is found at 3288.25/3303.43. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GOLD will go towards 3310.48
The M5 and M15 time frames may have more false entry points.
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- Double Top
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The Double Top reversal pattern has been formed on #MSFT H1. Characteristics: the upper boundary 473.33; the lower boundary 468.62; the width of the pattern is 479 points. Sell trades
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The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 94.43, with the prospect
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 USDJPY M15 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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