signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GBPAUD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0858/2.0860 with the upper limit 2.0882/2.0880; the projection of the width is 24 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 2.0858, 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 Triple Bottom pattern has formed on the chart of EURCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.9371 with the upper limit 0.9371/0.9363
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The Double Bottom pattern has been formed on EURCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to M30, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8233/0.8233 is broken out, the instrument is likely to move toward
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