signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8217 with the upper limit 0.8217/0.8215, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8207, the price is most likely to continue the upward movement.
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
- Triangle
- Triple top
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The Double Bottom pattern has been formed on NZDJPY M15; the upper boundary is 87.17; the lower boundary is 87.02. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5340/0.5335; support level 0.5331/0.5332; the width is 9 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURNZD D1. Characteristics: the support level 1.8805; the resistance level 1.9150; the width of the pattern 345 points. If the resistance level
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