signal strength 3 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURJPY M30. There are weighty reasons to suggest that the price will surpass the Neckline 165.03/165.08 after the right shoulder has been formed. So, the trend is set to change with the price heading for 164.78.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- #PEP
- #TSLA
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- AUDCAD
- AUDCHF
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- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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- M5
- M15
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- H1
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The Bearish pennant pattern has formed on the #NTDOY H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 312.63
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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