signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8217 with the upper limit 0.8217/0.8215, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8207, the price is most likely to continue the upward movement.
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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According to the chart of M15, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8171 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Bullish pennant graphic pattern has formed on the EURJPY H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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