signal strength 1 of 5
On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 163.01; the lower boundary 162.86; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 162.71 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 GBPJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 194.96
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #PEP D1; the upper boundary is 132.72; the lower boundary is 129.16. The width of the pattern is 365 points. In case
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The #INTC H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 22.43, the Neckline and the upward angle are at 20.28/20.38. The formation
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