signal strength 4 of 5
According to the chart of H1, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 194.63/194.98 whereas the upper border goes across 195.45/194.98. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 195.38.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -28, support level -40
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3307 while the median line of the Neck
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On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 323.61; the lower boundary 321.90; the width of the pattern 171 points
The M5 and M15 time frames may have more false entry points.
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