signal strength 1 of 5
On the chart of the #MCD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 311.29, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 115 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Rectangle
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- Triple top
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The Bearish pennant pattern has formed on the GBPJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 191.85 with the upper limit 191.85/191.40
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 191.94 - 0.00
The M5 and M15 time frames may have more false entry points.
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