signal strength 2 of 5
The Double Bottom pattern has been formed on NZDCHF M15. 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.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 3055.14; the lower boundary 3048.30; the width of the pattern is 713 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3049.86
The M5 and M15 time frames may have more false entry points.
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On the chart of USDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8845; the lower boundary 0.8834; the width of the pattern 11 points
The M5 and M15 time frames may have more false entry points.
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