signal strength 1 of 5
According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 150.87 while the median line of the Neck is found at 150.68/150.70. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 150.55.
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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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 23.57 with the upper limit 23.57/23.47
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.72; the lower boundary is 94.49. The width of the pattern is 24 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 70.07
The M5 and M15 time frames may have more false entry points.
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