signal strength 1 of 5
On the chart of the #GOOG 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 159.11, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 113 points.
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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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 32.97
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GOLD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5301; the lower boundary 0.5289; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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