signal strength 1 of 5
The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8162 is broken, the downward movement will continue.
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 Triple Bottom pattern has formed on the chart of GBPCHF M5. Features of the pattern: The lower line of the pattern has coordinates 1.0437 with the upper limit 1.0437/1.0425
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M30. Characteristics: the support level 0.6524; the resistance level 0.6535; the width of the pattern 11 points. If the resistance level
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The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6535; the lower boundary is 0.6524. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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