signal strength 1 of 5
According to the chart of M5, #EBAY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 65.78 while the median line of the Neck is found at 65.18/65.49. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #EBAY will go towards 65.93
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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- #AAPL
- #AMZN
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The Double Bottom pattern has been formed on #INTC M15. Characteristics: the support level 23.27; the resistance level 23.57; the width of the pattern 30 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #KO formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 70.20 and support 70.05
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 23.57 with the upper limit 23.57/23.47
The M5 and M15 time frames may have more false entry points.
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