signal strength 1 of 5
The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0861/1.0839; support level 1.0811/1.0805; the width is 50 points. In the event of a breakdown of the resistance level of 1.0861, the price is likely to continue an upward movement at least to 1.0825.
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 Double Bottom pattern has been formed on EURGBP M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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According to the chart of M5, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 85.48, the lower border is 85.38. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8786 is likely to encourage a continuation
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