signal strength 2 of 5
The Double Bottom pattern has been formed on USDJPY M15; the upper boundary is 141.96; the lower boundary is 141.59. The width of the pattern is 41 points. In case of a break of the upper boundary 141.96, 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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- Flag
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- Pennant
- Rectangle
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- Triple top
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- AUDCAD
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The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.38
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The Double Top pattern has been formed on AUDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5343
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 33.19; the lower boundary 33.14; the width of the pattern is 45 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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