signal strength 1 of 5
According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 165.68/165.13 whereas the lower border goes across 164.59/165.13. The pattern width is measured on the chart at 109 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 165.13 is broken, the price could continue its move toward 165.28.
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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- #AMZN
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The Double Top reversal pattern has been formed on #EBAY M5. Characteristics: the upper boundary 67.16; the lower boundary 66.88; the width of the pattern is 27 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, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8209 and support 0.8197
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9511 while the median line of the Neck
The M5 and M15 time frames may have more false entry points.
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