signal strength 1 of 5

According to the chart of M5, #MCD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 307.79 while the median line of the Neck is set at 308.99/309.18. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #MCD will go towards 309.33.
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
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- Triple top
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On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 136.40; the lower boundary 136.17; the width of the pattern 23 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 136.40; the lower boundary 136.17; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish pennant pattern is formed on the #TSLA 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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