signal strength 1 of 5
The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 84.75; the resistance level 84.92; the width of the pattern 17 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 17 points.
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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The Bearish Flag pattern has been formed on GBPJPY at M30. The lower boundary of the pattern is located at 197.86/198.12 while the upper boundary lies at 198.12/198.38. The projection
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The Bearish pennant pattern has formed on the GBPJPY 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 Double Bottom pattern has been formed on AUDCAD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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