signal strength 1 of 5
On the chart of the GOLD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 3231.35, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1555 points.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5600 is breached. Here
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 USDCHF M30. Characteristics: the upper boundary 0.8242; the lower boundary 0.8225; the width of the pattern is 17 points. Sell trades
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The Triple Top pattern has formed on the chart of the NZDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7, support level -11
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