signal strength 2 of 5
The Double Bottom pattern has been formed on GOLD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 3239.42 is broken. The further movements will rely on the width of the current pattern 1703 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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- AUDCAD
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- EURCAD
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- EURUSD
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- GBPJPY
- GBPUSD
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The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 165.53
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 M30; the upper boundary is 2.0735; the lower boundary is 2.0666. The width of the pattern is 67 points. In case
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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 195.89/195.54
The M5 and M15 time frames may have more false entry points.
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