signal strength 1 of 5
The Double Top reversal pattern has been formed on #KO M5. Characteristics: the upper boundary 71.31; the lower boundary 70.97; the width of the pattern is 32 points. Sell trades are better to be opened below the lower boundary 70.97 with a possible movements towards the 70.82 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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The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 149.54
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 Bearish Symmetrical Triangle pattern. Description: The lower border is 193.35/193.57 and upper border is 193.89/193.57. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the AUDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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