signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 3191.74 and 3182.45 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 929 pips. Outlook: If the upper border 3191.74 is broken, the price is likely to continue its move by 3187.40.
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 Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4848
The M5 and M15 time frames may have more false entry points.
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The AUDJPY H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 94.49, the Neckline and the upward angle are at 94.01/94.04. The formation
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The Bearish pennant pattern has formed on the GBPUSD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3398 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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