Actual patterns
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Triple Top
was formed on 01.05 at 11:00:08 (UTC+0)
signal strength 1 of 5
The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 163.09/163.28 with the upper limit 163.43/163.39; the projection of the width is 34 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 163.09, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
