signal strength 1 of 5
The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 290.06; the resistance level 291.55; the width of the pattern 149 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 144 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 Bearish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.5922/0.5928 while the upper boundary lies at 0.5926/0.5932. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the NZDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5922; the projection
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD M30. There are weighty reasons to suggest that the price will surpass the Neckline 1.3435/1.3447 after
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