signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found at 84.85/84.91. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 85.15
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
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- #INTC
- #KO
- #MA
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- #NTDOY
- #PEP
- #TSLA
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- AUDCAD
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- AUDJPY
- AUDUSD
- EURCAD
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- GBPJPY
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- NZDCHF
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The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 286.48; the lower boundary 284.68; the width of the pattern 180 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #AAPL M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 209.32
The M5 and M15 time frames may have more false entry points.
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