signal strength 4 of 5
The Double Bottom pattern has been formed on AUDCAD H1; the upper boundary is 0.9016; the lower boundary is 0.8973. The width of the pattern is 43 points. In case of a break of the upper boundary 0.9016, 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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURCAD
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The Double Top pattern has been formed on EURUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1412
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 193.42; the resistance level 193.87; the width of the pattern 45 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3679; the projection
The M5 and M15 time frames may have more false entry points.
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