signal strength 2 of 5
The Triple Bottom pattern has formed on the chart of USDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 140.99 with the upper limit 140.99/140.92, the projection of the width is 35 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 140.64, the price is most likely to continue the upward movement.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURRUB
- EURUSD
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On the chart of EURNZD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9142; the lower boundary 1.9091; the width of the pattern 51 points
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According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1362/1.1333
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The Bearish pennant pattern has formed on the NZDCAD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8197 is broken through. Recommendations: Place
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