signal strength 4 of 5
The Double Bottom pattern has been formed on USDJPY H1. Characteristics: the support level 142.26; the resistance level 143.29; the width of the pattern 103 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 104 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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The Double Top pattern has been formed on AUDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5343
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 33.19; the lower boundary 33.14; the width of the pattern is 45 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 86.37; the resistance level 86.54; the width of the pattern 17 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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