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The Triple Top pattern has formed on the chart of the GBPJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 187.14/187.37 with the upper limit 187.61/187.62; the projection of the width is 47 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 187.14, the price is most likely to continue the downward movement.
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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- #AAPL
- #AMZN
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- #TSLA
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDJPY
- NZDUSD
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- USDJPY
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The #Bitcoin M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 107912.77, the Neckline and the upward angle are at 107491.49/107422.45. The formation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to M15, #INTC is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 20.54/20.43 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The M5 and M15 time frames may have more false entry points.
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