signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 161.76/161.96 and upper border is 162.13/161.96. The pattern width is measured on the chart at -37 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 161.81.
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 Triple Bottom pattern has been formed on #EBAY M15. It has the following characteristics: resistance level 75.51/74.53; support level 74.32/74.04; the width is 119 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 106976.78; the resistance level 107273.49; the width of the pattern 29671 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURNZD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9285
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