signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GBPUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.2941/1.2946 with the upper limit 1.2957/1.2959; the projection of the width is 16 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 1.2941, 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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The Bearish pennant pattern has formed on the #INTC M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 19.53 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.5711
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The Triple Top pattern has formed on the chart of the #MSFT H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -35, support level -3099
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