signal strength 1 of 5
The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0835/2.0826; support level 2.0821/2.0823; the width is 14 points. In the event of a breakdown of the resistance level of 2.0835, the price is likely to continue an upward movement at least to 2.0836.
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 M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 86.21 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the EURCAD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.57
The M5 and M15 time frames may have more false entry points.
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