signal strength 1 of 5
The Triple Top pattern has formed on the chart of the USDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8824/0.8828 with the upper limit 0.8832/0.8832; the projection of the width is 8 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 0.8824, 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 M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0913/1.0953 and upper border is 1.0987/1.0953. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8580 and 0.8547 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 189.13/189.44 whereas the upper border goes across 189.79/189.44
The M5 and M15 time frames may have more false entry points.
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