signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of SILVER M5. Features of the pattern: The lower line of the pattern has coordinates 28.95 with the upper limit 28.95/28.75, the projection of the width is 495 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 28.45, the price is most likely to continue the upward movement.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
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- NZDCAD
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- USDCAD
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The Double Top pattern has been formed on NZDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8276
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The technical pattern called Head and Shoulders has appeared on the chart of GOLD M5. There are weighty reasons to suggest that the price will surpass the Neckline 3473.12/3476.36 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9139 is breached. Here
The M5 and M15 time frames may have more false entry points.
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