signal strength 1 of 5
On the chart of the #INTC M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 20.96, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 45 points.
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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- #AAPL
- #AMZN
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- GBPJPY
- GBPUSD
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The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3859; the lower boundary 1.3847; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1171
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3859; the lower boundary 1.3844; the width of the pattern is 14 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
