signal strength 1 of 5
The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6490 is broken, the downward movement will continue.
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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- #AAPL
- #AMZN
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- #KO
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- #PEP
- #TSLA
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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5232; the lower boundary 0.5227; the width of the pattern 5 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8207; the lower boundary is 0.8197. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8197; the resistance level 0.8207; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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