signal strength 3 of 5
The Bullish Flag pattern has been formed on SILVER at M30. The lower boundary of the pattern is located at 34.32/34.26, while the higher boundary lies at 34.42/34.36. The projection of the flagpole is 255 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 34.42 is broken, the price will move further upwards.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1158
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4734 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9219
The M5 and M15 time frames may have more false entry points.
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