signal strength 2 of 5
The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 140.89/141.19 while the upper boundary lies at 141.19/141.49. The projection of the flagpole is 77 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 140.89 is broken, the price will move further downwards.
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; the upper boundary is 1.3556; the lower boundary is 1.3551. The width of the pattern is 5 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 NZDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8241
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On the chart of AUDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5309; the lower boundary 0.5300; the width of the pattern 9 points
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