signal strength 1 of 5
The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0770; the lower boundary is 1.0753. The width of the pattern is 18 points. In case of a break of the upper boundary 1.0770, 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
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- Pennant
- Rectangle
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- Triple top
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According to the chart of M5, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0924
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.09
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.0967; the lower boundary is 1.0927. The width of the pattern is 43 points. In case
The M5 and M15 time frames may have more false entry points.
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