signal strength 3 of 5
According to the chart of M30, SILVER formed the Inverse Head and Shoulder pattern. The Head’s top is set at 30.37 while the median line of the Neck is found at 29.30/30.05. 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 SILVER will go towards 30.40
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Top pattern has formed on the chart of the NZDUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -4
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3523
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 95.20/95.15; support level 95.10/95.09; the width is 10 points. In the event
The M5 and M15 time frames may have more false entry points.
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