signal strength 2 of 5
The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.57 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
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- Triple top
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The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5885; the resistance level 0.5891; the width of the pattern 6 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0662; the resistance level 1.0700; the width of the pattern 38 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart AUDCHF M5 which signals that the downward trend will continue. If the price breaks below the low at 0.5193, then
The M5 and M15 time frames may have more false entry points.
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