signal strength 1 of 5
The Double Bottom pattern has been formed on #MSFT M5; the upper boundary is 385.79; the lower boundary is 383.58. The width of the pattern is 214 points. In case of a break of the upper boundary 385.79, 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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- Rectangle
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- Triple top
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The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9015
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.4325
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.4349; the lower boundary is 1.4325. The width of the pattern is 23 points. In case
The M5 and M15 time frames may have more false entry points.
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