signal strength 1 of 5
The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.09 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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According to the chart of H1, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 87.45 while the median line of the Neck is found
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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 87.30; the lower boundary 87.15; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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