signal strength 1 of 5
On the chart of the GBPJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 194.41, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.
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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On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 95.93; the lower boundary 95.57; the width of the pattern 36 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #PEP M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -9
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 22.38 is broken through. Recommendations: Place
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