signal strength 3 of 5
According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0849 and 1.0777 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 72 pips. Outlook: If the upper border 1.0849 is broken, the price is likely to continue its move by 1.0844.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6523
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The Bullish pennant pattern is formed on the #TSLA M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 145.27; the lower boundary 144.91; the width of the pattern is 34 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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