signal strength 1 of 5
The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.8799; the resistance level 1.8817; the width of the pattern 18 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 17 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5583
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 147.81; the lower boundary 147.59; the width of the pattern 22 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD 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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