signal strength 1 of 5
The Double Bottom pattern has been formed on #PEP M5; the upper boundary is 150.16; the lower boundary is 148.41. The width of the pattern is 175 points. In case of a break of the upper boundary 150.16, 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
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4818 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 199.19 - 0.00
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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