signal strength 1 of 5
On the chart of the SILVER 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 33.95, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 85 points.
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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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0181; the lower boundary 2.0161; the width of the pattern 20 points
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6525; the projection
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 203.17; the lower boundary 202.79; the width of the pattern is 41 points. Sell trades
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