signal strength 3 of 5
According to the chart of M30, SILVER formed the Inverse Head and Shoulder pattern. The Head’s top is set at 30.37 while the median line of the Neck is found at 29.30/30.05. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of SILVER will go towards 30.40
See Also
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- Flag
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- Rectangle
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- Triple top
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According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.5603 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8943 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDCHF M15. It has the following characteristics: resistance level 0.4912/0.4911; support level 0.4901/0.4902; the width is 11 points. In the event
The M5 and M15 time frames may have more false entry points.
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