signal strength 3 of 5
The Double Bottom pattern has been formed on EURJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 167.01 is broken. The further movements will rely on the width of the current pattern 34 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- AUDCAD
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The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5826; the lower boundary is 0.5820. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0831
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0742; the lower boundary 2.0731; the width of the pattern 11 points
The M5 and M15 time frames may have more false entry points.
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