signal strength 2 of 5
The Triple Top pattern has formed on the chart of the EURGBP M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8358/0.8360 with the upper limit 0.8366/0.8370; the projection of the width is 8 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 0.8358, 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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDUSD
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- USDCAD
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The Double Bottom pattern has been formed on NZDJPY H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Triple Bottom pattern has been formed on AUDJPY H1. It has the following characteristics: resistance level 95.80/95.20; support level 95.06/94.94; the width is 74 points. In the event
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The Double Bottom pattern has been formed on NZDJPY M30. Characteristics: the support level 86.63; the resistance level 86.92; the width of the pattern 29 points. If the resistance level
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