signal strength 1 of 5
The Bearish Flag pattern has been formed on GOLD at M5. The lower boundary of the pattern is located at 3177.35/3185.07 while the upper boundary lies at 3185.27/3192.99. The projection of the flagpole is 2046 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 3177.35 is broken, the price will move further downwards.
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 Top pattern has formed on the chart of the USDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -8
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 GBPJPY M5. Characteristics: the upper boundary 192.69; the lower boundary 192.29; the width of the pattern is 42 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3300.45
The M5 and M15 time frames may have more false entry points.
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