signal strength 2 of 5
The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6477; the lower boundary is 0.6462. The width of the pattern is 16 points. In case of a break of the upper boundary 0.6477, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Triple top
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The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.63
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 87.81; the lower boundary 87.63; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY H1. Characteristics: the upper boundary 197.99; the lower boundary 197.35; the width of the pattern is 62 points. Sell trades
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