signal strength 1 of 5
The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 36.06; the lower boundary 35.98; the width of the pattern is 75 points. Sell trades are better to be opened below the lower boundary 35.98 with a possible movements towards the 35.97 level.
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 Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3117; the resistance level 1.3125; the width of the pattern 8 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5690/0.5689; support level 0.5681/0.5682; the width is 9 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4582 is breached. Here
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