signal strength 1 of 5
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 93737.29; the lower boundary is 93280.25. The width of the pattern is 45284 points. In case of a break of the upper boundary 93737.29, 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
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
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- H1
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According to the chart of H1, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 92.94, the lower border is 92.44. The signal means
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According to the chart of M30, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 85.24
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 33.34
The M5 and M15 time frames may have more false entry points.
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