signal strength 4 of 5
The Double Bottom pattern has been formed on NZDJPY H1; the upper boundary is 85.23; the lower boundary is 84.23. The width of the pattern is 100 points. In case of a break of the upper boundary 85.23, 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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3389; the lower boundary is 1.3369. The width of the pattern is 21 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8083/0.8098 whereas the upper border goes across 0.8116/0.8098
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8276
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