signal strength 1 of 5
The Double Top reversal pattern has been formed on #KO M5. Characteristics: the upper boundary 71.80; the lower boundary 71.31; the width of the pattern is 54 points. Sell trades are better to be opened below the lower boundary 71.31 with a possible movements towards the 71.16 level.
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 NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6039
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The Double Top reversal pattern has been formed on AUDUSD H1. Characteristics: the upper boundary 0.6564; the lower boundary 0.6542; the width of the pattern is 20 points. Sell trades
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 197.94/198.41 whereas the upper border goes across 198.77/198.41
The M5 and M15 time frames may have more false entry points.
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