signal strength 1 of 5
The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 244.22/245.52 with the upper limit 246.65/247.16; the projection of the width is 243 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 244.22, the price is most likely to continue the downward movement.
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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The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3573, the Neckline and the upward angle are at 1.3545/1.3551. The formation
The M5 and M15 time frames may have more false entry points.
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According to M15, NZDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 87.19/87.18 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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The Bullish pennant pattern is formed on the #PEP M5 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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