signal strength 2 of 5
The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 193.44; the lower boundary is 193.02. The width of the pattern is 39 points. In case of a break of the upper boundary 193.44, 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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- Triple top
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The Double Top reversal pattern has been formed on AUDJPY M30. Characteristics: the upper boundary 93.81; the lower boundary 93.23; the width of the pattern is 60 points. Sell trades
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The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3450.66; the lower boundary 3436.66; the width of the pattern is 1410 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 3436.66
The M5 and M15 time frames may have more false entry points.
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