signal strength 4 of 5
The Bearish Flag pattern has been formed on #PEP at H1. The lower boundary of the pattern is located at 127.29/128.71 while the upper boundary lies at 128.75/130.17. The projection of the flagpole is 360 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 127.29 is broken, the price will move further downwards.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The technical pattern called Head and Shoulders has appeared on the chart of EURUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.1667/1.1675 after
The M5 and M15 time frames may have more false entry points.
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The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.6055, the Neckline and the upward angle are at 1.6015/1.6019. The formation
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 198.57; the lower boundary 197.98; the width of the pattern 59 points
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