signal strength 1 of 5
The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 136.40; the lower boundary 136.17; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 136.17 with a possible movements towards the 136.02 level.
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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On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4786; the lower boundary 0.4779; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5923 and support 0.5910
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The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6487
The M5 and M15 time frames may have more false entry points.
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