signal strength 3 of 5
According to the chart of M30, SILVER formed the Inverse Head and Shoulder pattern. The Head’s top is set at 30.37 while the median line of the Neck is found at 29.30/30.05. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of SILVER will go towards 30.40
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4882; the resistance level 0.4893; the width of the pattern 11 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 AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6392
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On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6458; the lower boundary 0.6445; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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