signal strength 2 of 5
The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6300 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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On the chart of EURGBP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8470; the lower boundary 0.8448; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5693/0.5685; support level 0.5676/0.5676; the width is 17 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0962; the lower boundary is 2.0912. The width of the pattern is 51 points. In case
The M5 and M15 time frames may have more false entry points.
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