signal strength 3 of 5
The Double Bottom pattern has been formed on SILVER M30. 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 33.17 is broken. The further movements will rely on the width of the current pattern 255 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of EURNZD M5. Features of the pattern: The lower line of the pattern has coordinates 1.8971 with the upper limit 1.8971/1.8939
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 146.29 and support 145.72
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 193.79 with the upper limit 193.79/193.73
The M5 and M15 time frames may have more false entry points.
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