signal strength 1 of 5
The Triple Top pattern has formed on the chart of the EURCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.5436/1.5437 with the upper limit 1.5444/1.5446; 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 1.5436, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9393; the lower boundary is 0.9381. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 85.08, the lower border is 84.66. The signal means
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According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.66/84.86 and upper border is 85.16/84.86. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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