signal strength 2 of 5
The Triple Top pattern has formed on the chart of the #FB M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 588.21/599.57 with the upper limit 604.25/602.68; the projection of the width is 1604 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 588.21, 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
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish pennant pattern is formed on the #FB M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.8893; the lower boundary 0.8886; the width of the pattern is 8 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 309.35; the resistance level 314.35; the width of the pattern 500 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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