signal strength 2 of 5
The Triple Bottom pattern has formed on the chart of AUDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.5310 with the upper limit 0.5310/0.5307, the projection of the width is 12 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 0.5298, the price is most likely to continue the upward movement.
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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- M5
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According to the chart of M5, NZDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6035 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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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0860; the lower boundary is 2.0850. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1091; the lower boundary is 1.1081. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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