signal strength 1 of 5
According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 165.68/165.13 whereas the lower border goes across 164.59/165.13. The pattern width is measured on the chart at 109 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 165.13 is broken, the price could continue its move toward 165.28.
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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The Double Top reversal pattern has been formed on #AAPL M5. Characteristics: the upper boundary 220.77; the lower boundary 219.22; the width of the pattern is 141 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 169.90; the lower boundary 168.98; the width of the pattern 92 points
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 #KO H1. Features of the pattern: The lower line of the pattern has coordinates 70.18 with the upper limit 70.18/69.78
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