signal strength 1 of 5
The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6399 is broken, the downward movement will continue.
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 Bullish pennant pattern is formed on the #TSLA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.4655; the lower boundary is 0.4643. The width of the pattern is 12 points. In case
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The Double Top reversal pattern has been formed on #PEP M30. Characteristics: the upper boundary 142.02; the lower boundary 140.41; the width of the pattern is 165 points. Sell trades
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