signal strength 2 of 5
The Triple Bottom pattern has been formed on USDCAD M15. It has the following characteristics: resistance level 1.3877/1.3862; support level 1.3850/1.3851; the width is 27 points. In the event of a breakdown of the resistance level of 1.3877, the price is likely to continue an upward movement at least to 1.3872.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on NZDJPY H1; the upper boundary is 86.98; the lower boundary is 85.41. The width of the pattern is 154 points. In case
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The Double Bottom pattern has been formed on NZDUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY H1; the upper boundary is 144.23; the lower boundary is 143.50. The width of the pattern is 78 points. In case
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