signal strength 1 of 5
The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 195.92; the lower boundary 194.83; the width of the pattern is 98 points. Sell trades are better to be opened below the lower boundary 194.83 with a possible movements towards the 194.68 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 NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 85.95, the Neckline and the upward angle are at 85.69/85.68. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 148.72 is likely to encourage a continuation
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.71; the lower boundary 193.43; the width of the pattern 28 points
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