signal strength 1 of 5
On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.89; the lower boundary 33.85; the width of the pattern 35 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 33.84 level.
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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On the chart of GOLD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3037.50; the lower boundary 3024.25; the width of the pattern 1325 points
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According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8420 and 0.8411 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2950
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