signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.1414/1.1418 with the upper limit 1.1422/1.1420; the projection of the width is 8 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 1.1414, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0468 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 150.29 with the upper limit 150.29/150.27
The M5 and M15 time frames may have more false entry points.
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According to M15, GBPCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.1398/1.1397 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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