signal strength 2 of 5
The Triple Top pattern has formed on the chart of the GOLD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 3111.43/3112.94 with the upper limit 3127.49/3126.34; the projection of the width is 1606 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 3111.43, 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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The Bullish pennant pattern is formed on the USDCAD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the NZDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 85.66 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 143.46; the lower boundary 143.17; the width of the pattern is 29 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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