signal strength 5 of 5
The Double Bottom pattern has been formed on #PEP D1; the upper boundary is 132.72; the lower boundary is 129.16. The width of the pattern is 365 points. In case of a break of the upper boundary 132.72, 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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 139.32
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 the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 139.76; the lower boundary 138.27; the width of the pattern 149 points
The M5 and M15 time frames may have more false entry points.
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