signal strength 2 of 5
The Double Top pattern has been formed on NZDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4790 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 Top reversal pattern has been formed on USDCHF M30. Characteristics: the upper boundary 0.8242; the lower boundary 0.8225; the width of the pattern is 17 points. Sell trades
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The Triple Top pattern has formed on the chart of the NZDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7, support level -11
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On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.07; the lower boundary 92.84; the width of the pattern 23 points
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