signal strength 1 of 5
According to the chart of M5, GOLD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 3310.33 while the median line of the Neck is found at 3288.25/3303.43. 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 GOLD will go towards 3310.48
The M5 and M15 time frames may have more false entry points.
See Also
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The Double Top reversal pattern has been formed on #MSFT M15. Characteristics: the upper boundary 498.01; the lower boundary 496.69; the width of the pattern is 144 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 498.01; the lower boundary 496.69; the width of the pattern is 144 points. Sell trades
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 #PEP M15. Features of the pattern: The lower line of the pattern has coordinates 129.12 with the upper limit 129.12/128.63
The M5 and M15 time frames may have more false entry points.
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