signal strength 1 of 5
The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3300.45 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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- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of H1, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3558 and support 1.3516
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8190/0.8173
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0844/2.0851 and upper border is 2.0859/2.0851. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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