signal strength 1 of 5
The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 70.07 is broken, the downward movement will continue.
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 Bottom pattern has been formed on GBPCHF H1; the upper boundary is 1.1119; the lower boundary is 1.0904. The width of the pattern is 221 points. In case
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The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.8532; the lower boundary 0.8514; the width of the pattern is 17 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, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 87.90 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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