signal strength 4 of 5
The Triple Top pattern has formed on the chart of the EURJPY H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 161.49/162.07 with the upper limit 163.10/163.14; the projection of the width is 161 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 161.49, the price is most likely to continue the downward movement.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 161.33
The M5 and M15 time frames may have more false entry points.
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The GBPUSD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3422, the Neckline and the upward angle are at 1.3361/1.3354. The formation
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On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 19.72; the lower boundary 19.41; the width of the pattern 31 points
The M5 and M15 time frames may have more false entry points.
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