signal strength 2 of 5
According to the chart of M15, SILVER formed the Head and Shoulders pattern. The Head’s top is set at 33.17 while the median line of the Neck is found at 32.92/32.91. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of SILVER will go towards 32.89.
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, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 164.76, the lower border is 164.52. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 164.73; the lower boundary is 164.52. The width of the pattern is 20 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 EURNZD M15; the upper boundary is 1.8867; the lower boundary is 1.8842. The width of the pattern is 25 points. In case
The M5 and M15 time frames may have more false entry points.
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