signal strength 1 of 5
On the chart of the #MCD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 311.29, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 115 points.
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 reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6204; the lower boundary 0.6189; the width of the pattern is 15 points. Sell trades
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 Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8514
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0800; the lower boundary is 2.0774. The width of the pattern is 26 points. In case
The M5 and M15 time frames may have more false entry points.
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