signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5526 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 144.26; the lower boundary 143.67; the width of the pattern 59 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 143.67
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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