signal strength 1 of 5
The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3099.42 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1094; the lower boundary 1.1083; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5841 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on USDCHF H1. Characteristics: the upper boundary 0.8474; the lower boundary 0.8409; the width of the pattern is 66 points. Sell trades
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