signal strength 3 of 5
On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.20; the lower boundary 93.11; the width of the pattern 109 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 92.81 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish pennant graphic pattern has formed on the #AMZN M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #INTC 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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The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6385; the resistance level 0.6397; the width of the pattern 12 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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