signal strength 3 of 5
The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0784; the resistance level 2.0839; the width of the pattern 55 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 52 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 M5. 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 NZDUSD M30; the upper boundary is 0.5947; the lower boundary is 0.5935. The width of the pattern is 12 points. In case
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The Triple Top pattern has formed on the chart of the USDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -1
The M5 and M15 time frames may have more false entry points.
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