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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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- USDCAD
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- USDJPY
- USDRUB
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According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3590 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3590 while the median line of the Neck is found
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According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0926/1.0931 whereas the upper border goes across 1.0935/1.0931
The M5 and M15 time frames may have more false entry points.
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