signal strength 2 of 5
The Double Top pattern has been formed on GBPJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 194.96 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
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 94.49; the lower boundary is 94.04. The width of the pattern is 44 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M15. Characteristics: the support level 0.6451; the resistance level 0.6462; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #GOOG M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 168.89 is broken through. Recommendations: Place
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