signal strength 1 of 5
The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 94155.69; the resistance level 94371.65; the width of the pattern 21596 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 21168 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3079
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 201.17; the lower boundary 200.75; the width of the pattern 42 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 201.21, the lower border is 200.75. The signal means
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