signal strength 1 of 5
The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.9072; the lower boundary is 1.9039. The width of the pattern is 34 points. In case of a break of the upper boundary 1.9072, 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
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- Pennant
- Rectangle
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- Triple top
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On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4809; the lower boundary 0.4790; the width of the pattern 19 points
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 Inverse Head and Shoulder pattern. The Head’s top is set at 143.17 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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The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8115
The M5 and M15 time frames may have more false entry points.
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