signal strength 4 of 5
According to the chart of H1, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.61/84.93 and upper border is 85.30/84.93. The pattern width is measured on the chart at -69 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 84.53.
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 84636.40; the lower boundary is 84234.35. The width of the pattern is 42295 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 85200.45
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 Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 85457.12 and support 85308.07
The M5 and M15 time frames may have more false entry points.
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