signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 150.29 with the upper limit 150.29/150.27, the projection of the width is 19 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 150.10, the price is most likely to continue the upward 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 Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.8694; the lower boundary 0.8678; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5420 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 31.11; the lower boundary 30.82; the width of the pattern 280 points
The M5 and M15 time frames may have more false entry points.
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