signal strength 1 of 5

According to the chart of M5, USDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 144.19 while the median line of the Neck is found at 143.77/144.02. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 144.34
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
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- Triple top
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The Double Top reversal pattern has been formed on #TSLA M15. Characteristics: the upper boundary 330.45; the lower boundary 324.60; the width of the pattern is 603 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 328.99
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish pennant signal – Trading instrument #TSLA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 330.45, with the prospect
The M5 and M15 time frames may have more false entry points.
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