signal strength 1 of 5
The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0861/1.0839; support level 1.0811/1.0805; the width is 50 points. In the event of a breakdown of the resistance level of 1.0861, the price is likely to continue an upward movement at least to 1.0825.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The AUDJPY M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 94.78, the Neckline and the upward angle are at 94.29/94.37. The formation
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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 166.92/167.24 whereas the upper border goes across 167.58/167.24
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M30. Characteristics: the support level 1.1001; the resistance level 1.1059; the width of the pattern 58 points. If the resistance level
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