signal strength 1 of 5
The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 309.35; the resistance level 314.35; the width of the pattern 500 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 483 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Rectangle
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- Triple top
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According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 100.32 and 100.19 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6523 and support 0.6512
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -4
The M5 and M15 time frames may have more false entry points.
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