signal strength 1 of 5
The Double Bottom pattern has been formed on #NTDOY M5. 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 21.55 is broken. The further movements will rely on the width of the current pattern 23 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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- #AAPL
- #AMZN
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- #PEP
- #TSLA
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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURJPY
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
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- H1
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.39; the lower boundary 36.12; the width of the pattern 275 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5310
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 USDCHF M15 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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