signal strength 1 of 5

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 104573.10; the lower boundary is 103835.88. The width of the pattern is 75721 points. In case of a break of the upper boundary 104573.10, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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 M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5954 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0470/2.0498 and upper border is 2.0537/2.0498. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of H1, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3367 - 0.0000
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