signal strength 1 of 5
The Double Bottom pattern has been formed on #PEP M5. 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 140.87 is broken. The further movements will rely on the width of the current pattern 31 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 164.71; the lower boundary is 164.55. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3938; the lower boundary is 1.3925. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.99
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