signal strength 1 of 5
On the chart of the USDCAD 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 1.4244, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 23 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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The Triple Top pattern has formed on the chart of the NZDJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 142.75 with the upper limit 142.75/142.69
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the USDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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