signal strength 3 of 5
According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8920/0.8945 and upper border is 0.8975/0.8945. The pattern width is measured on the chart at -55 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCAD breaches the lower border, the price could continue its move toward 0.8915.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish pennant pattern is formed on the #EBAY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #INTC M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 20.26
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD H1; the upper boundary is 1.5644; the lower boundary is 1.5589. The width of the pattern is 51 points. In case
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