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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 23.07 at 14:00:33 (UTC+0)
signal strength 3 of 5
was formed on 23.07 at 14:00:33 (UTC+0)
signal strength 3 of 5
The Triple Top pattern has formed on the chart of EURUSD M30 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.1563 may confirm the bearish scenario. The projected peak-to-trough width is 28 points.
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