signal strength 1 of 5
The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 69.27; the resistance level 69.46; the width of the pattern 19 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 20 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8304 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCHF M5; the upper boundary is 0.8304; the lower boundary is 0.8291. The width of the pattern is 13 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 164.23 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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