signal strength 2 of 5
The Triple Top pattern has formed on the chart of the GOLD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 3111.43/3112.94 with the upper limit 3127.49/3126.34; the projection of the width is 1606 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 3111.43, 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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According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5944/0.5958 whereas the upper border goes across 0.5969/0.5958
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5926 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 197.35
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