signal strength 1 of 5
According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6402 while the median line of the Neck is set at 0.6415/0.6416. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6431.
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 Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 103384.03; the lower boundary is 103150.22. The width of the pattern is 24856 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 103655.19/103820.77 whereas the upper border goes across 103940.04/103820.77
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 3372.86/3370.25; support level 3364.73/3364.26; the width is 813 points. In the event
The M5 and M15 time frames may have more false entry points.
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