signal strength 1 of 5
The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 92.92/93.02 with the upper limit 93.11/93.10; the projection of the width is 19 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 92.92, the price is most likely to continue the downward movement.
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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According to the chart of M30, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8171 - 0.0000
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According to the chart of M15, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8171 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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