signal strength 4 of 5
The GOLD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 3344.99, the Neckline and the upward angle are at 3290.48/3282.56. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GOLD will go towards 3282.16.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- AUDUSD
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- EURGBP
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- GBPUSD
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- NZDCAD
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- M5
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On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.55; the lower boundary 94.18; the width of the pattern 37 points
The M5 and M15 time frames may have more false entry points.
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On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3722; the lower boundary 1.3700; the width of the pattern 22 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 USDJPY M30. Characteristics: the support level 144.62; the resistance level 145.96; the width of the pattern 134 points. If the resistance level
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