signal strength 2 of 5

The Triple Top pattern has formed on the chart of the EURUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.1387/1.1391 with the upper limit 1.1397/1.1397; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.1387, the price is most likely to continue the downward movement.
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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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3524 is breached. Here
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bearish pennant pattern has formed on the GBPAUD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0808 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5251; the lower boundary is 0.5241. The width of the pattern is 11 points. In case
Open chart in a new window