signal strength 1 of 5
The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4788; the resistance level 0.4805; the width of the pattern 17 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 18 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
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- Triple top
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The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 332.99; the projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #TSLA M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 332.99 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.52; the lower boundary 192.79; the width of the pattern 73 points
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