signal strength 1 of 5
On the chart of the GOLD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 3037.74, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1408 points.
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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On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6534; the lower boundary 0.6522; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDUSD D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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On the chart of NZDJPY D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.88; the lower boundary 84.57; the width of the pattern 331 points
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