signal strength 1 of 5
The Triple Top pattern has formed on the chart of the USDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8824/0.8828 with the upper limit 0.8832/0.8832; the projection of the width is 8 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 0.8824, 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
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M15, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3108, the lower border is 1.3079. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.02/92.38 and upper border is 92.67/92.38. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart AUDCAD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.8881, then
The M5 and M15 time frames may have more false entry points.
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