signal strength 4 of 5
The Double Bottom pattern has been formed on NZDUSD H1. Characteristics: the support level 0.5705; the resistance level 0.5726; the width of the pattern 21 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 20 points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
- #MA
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- #PEP
- #TSLA
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- AUDCAD
- AUDCHF
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- EURUSD
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- GOLD
- NZDCAD
- NZDCHF
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- NZDUSD
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- USDCAD
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- M5
- M15
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Bearish pennant pattern has formed on the #NTDOY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 16.77; the projection
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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 3099.42
The M5 and M15 time frames may have more false entry points.
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