signal strength 1 of 5
The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8162 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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According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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 EURUSD M15. Characteristics: the upper boundary 1.0924; the lower boundary 1.0805; the width of the pattern is 119 points. Sell trades
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 NZDUSD M5. Characteristics: the upper boundary 0.5739; the lower boundary 0.5722; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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