signal strength 1 of 5
According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 206.56/205.38 whereas the lower border goes across 204.16/205.38. The pattern width is measured on the chart at 240 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 205.38 is broken, the price could continue its move toward 205.53.
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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The Bearish pennant pattern has formed on the GBPUSD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3398 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.69; the lower boundary 196.35; the width of the pattern 34 points
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The Bearish pennant pattern has formed on the EURUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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