signal strength 1 of 5

According to the chart of M5, USDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3889 while the median line of the Neck is found at 1.3877/1.3884. 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 USDCAD will go towards 1.3904
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
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- Triple top
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The Double Top reversal pattern has been formed on #MSFT M15. Characteristics: the upper boundary 498.01; the lower boundary 496.69; the width of the pattern is 144 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on #MSFT M5. Characteristics: the upper boundary 498.01; the lower boundary 496.69; the width of the pattern is 144 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Bottom pattern has formed on the chart of #PEP M15. Features of the pattern: The lower line of the pattern has coordinates 129.12 with the upper limit 129.12/128.63
The M5 and M15 time frames may have more false entry points.
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