signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCHF 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 0.5057 is broken. The further movements will rely on the width of the current pattern 16 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 190.98; the lower boundary 190.74; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURCHF M15. Characteristics: the upper boundary 0.9429; the lower boundary 0.9417; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 3326.63 - 0.00
The M5 and M15 time frames may have more false entry points.
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