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Bearish Rectangle
According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7845 - 0.0000 and support 0.7837 – 0.7837. In case the resistance level 0.7837 - 0.7837 is broken, the instrument is likely to follow the bearish trend.
Bullish pennant
The Bullish pennant signal – Trading instrument #INTC M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 122.79, with the prospect of the next move being a projection of the flagpole height.
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Triple Top
The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -32, and pattern’s width 49. Forecast If the price breaks through the support level 213.52, it is likely to move further down to 213.81.
Bullish Rectangle
According to the chart of M5, #TSLA formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 430.80, the lower border is 425.83. The signal means that a long position should be opened above the upper border 430.80 of the Bullish Rectangle.
Double Top
The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8089; the lower boundary 0.8067; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 0.8067 with a possible movements towards the 0.8052 level.