signal strength 2 of 5
The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4887; the resistance level 0.4915; the width of the pattern 28 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 27 points.
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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- AUDCAD
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The Double Bottom pattern has been formed on EURGBP M30; the upper boundary is 0.8414; the lower boundary is 0.8407. The width of the pattern is 7 points. In case
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According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3484/1.3519 whereas the upper border goes across 1.3558/1.3519
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The Double Top reversal pattern has been formed on AUDJPY H1. Characteristics: the upper boundary 93.08; the lower boundary 92.77; the width of the pattern is 34 points. Sell trades
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