signal strength 1 of 5
The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 72.01/72.00; support level 71.72/71.74; the width is 29 points. In the event of a breakdown of the resistance level of 72.01, the price is likely to continue an upward movement at least to 71.92.
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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According to M30, EURCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9350/0.9349 is broken out, the instrument is likely to move toward
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The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5334; the lower boundary 0.5327; the width of the pattern is 7 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #MCD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 312.97 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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