signal strength 1 of 5
The Double Top pattern has been formed on #AMZN M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 204.43 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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDJPY
- NZDUSD
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- USDJPY
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The Double Bottom pattern has been formed on EURCAD H1; the upper boundary is 1.5644; the lower boundary is 1.5589. The width of the pattern is 51 points. In case
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 194.49; the lower boundary 194.15; the width of the pattern is 36 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, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1108/1.1120 whereas the upper border goes across 1.1131/1.1120
The M5 and M15 time frames may have more false entry points.
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