signal strength 1 of 5
The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 196.96; the resistance level 197.12; the width of the pattern 16 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 17 points.
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
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According to the chart of M15, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 98.12 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the #TSLA 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 Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 199.96; the lower boundary 199.74; the width of the pattern is 25 points. Sell trades
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