signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 3109.07/3117.44 whereas the upper border goes across 3126.71/3117.44. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 3117.59.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Triple top
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The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 307.06; the resistance level 309.81; the width of the pattern 275 points. If the resistance level
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 M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8255
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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