signal strength 1 of 5
The Double Top pattern has been formed on USDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4216 is broken, the downward movement will continue.
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 Bullish pennant signal – Trading instrument SILVER M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 32.49, with the prospect
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5364; the lower boundary is 0.5347. The width of the pattern is 17 points. In case
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The Bearish pennant pattern has formed on the USDJPY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 144.82; the projection
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