signal strength 1 of 5
According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 while the median line of the Neck is found at 0.8835/0.8835. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8820.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 82648.20; the lower boundary 81609.29; the width of the pattern is 103086 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #Bitcoin M30. Characteristics: the support level 83552.05; the resistance level 84588.82; the width of the pattern 103677 points. If the resistance level
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The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 83619.16; the resistance level 83858.95; the width of the pattern 23979 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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