signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 3335.98/3338.01 with the upper limit 3342.45/3344.99; the projection of the width is 647 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 3335.98, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish Flag pattern has been formed on NZDJPY at M30. The lower boundary of the pattern is located at 86.19/86.07, while the higher boundary lies at 86.31/86.19. The projection
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The Bullish pennant signal – Trading instrument NZDJPY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 86.31, with the prospect
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The Bearish pennant pattern has formed on the GBPAUD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0881; the projection
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