signal strength 1 of 5
According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 165.68/165.13 whereas the lower border goes across 164.59/165.13. The pattern width is measured on the chart at 109 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 165.13 is broken, the price could continue its move toward 165.28.
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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- #AAPL
- #AMZN
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- #PEP
- #TSLA
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- GBPUSD
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The Double Bottom pattern has been formed on #INTC M5. Characteristics: the support level 24.18; the resistance level 24.36; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 146.13; the lower boundary 145.79; the width of the pattern 34 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 146.11; the lower boundary 145.79; the width of the pattern is 34 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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