signal strength 1 of 5
On the chart of the #Bitcoin M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 84200.08, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18225 points.
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, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 163.32 and support 163.21
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 163.21
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.14 and support 86.95
The M5 and M15 time frames may have more false entry points.
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