signal strength 1 of 5
On the chart of the SILVER M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 33.95, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 85 points.
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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- AUDCAD
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- EURUSD
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 147.81; the lower boundary 147.59; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD 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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The Triple Bottom pattern has been formed on AUDCAD H1. It has the following characteristics: resistance level 0.8692/0.8549; support level 0.8454/0.8496; the width is 238 points. In the event
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