signal strength 1 of 5

On the chart of #MSFT M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 391.82; the lower boundary 389.43; the width of the pattern 239 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 389.28 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
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- Triple top
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The Double Top pattern has been formed on EURCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5393
Open chart in a new windowOn the chart of EURCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5590; the lower boundary 1.5393; the width of the pattern 197 points
Open chart in a new windowThe Double Top reversal pattern has been formed on EURCAD M15. Characteristics: the upper boundary 1.5587; the lower boundary 1.5393; the width of the pattern is 197 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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