signal strength 3 of 5
The Triple Top pattern has formed on the chart of the GBPAUD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0777/2.0801 with the upper limit 2.0842/2.0843; the projection of the width is 65 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 2.0777, the price is most likely to continue the downward movement.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 194.35; the projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0988/2.0939
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 85.44/85.92 and upper border is 86.64/85.92. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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