signal strength 1 of 5
The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3049.86 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
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 191.94 - 0.00
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 191.13; the resistance level 191.94; the width of the pattern 81 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument #KO H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 74.05, with the prospect
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