signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1418 while the median line of the Neck is found at 1.1408/1.1408. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.1393.
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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- #AAPL
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- GBPCHF
- GBPJPY
- GBPUSD
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The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 343.73; the lower boundary 341.29; the width of the pattern is 245 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 343.74; the lower boundary 341.29; the width of the pattern 245 points
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1132; the lower boundary 1.1115; the width of the pattern 17 points
The M5 and M15 time frames may have more false entry points.
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