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The Triple Top pattern has formed on the chart of the GBPJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 187.14/187.37 with the upper limit 187.61/187.62; the projection of the width is 47 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 187.14, the price is most likely to continue the downward movement.
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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The Triple Top pattern has formed on the chart of the #AMZN M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 63, support level -61
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish Flag pattern which signals continuation of a trend has been formed on the chart #FB M30. Forecast: if the price breaks above the pattern high at 660.84, then
Open chart in a new windowThe Triple Bottom pattern has formed on the chart of the GBPAUD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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