signal strength 1 of 5
The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0936/1.0923; support level 1.0906/1.0904; the width is 30 points. In the event of a breakdown of the resistance level of 1.0936, the price is likely to continue an upward movement at least to 1.0916.
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 Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0842
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the USDJPY M5 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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