signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6353; the resistance level 0.6366; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 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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The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 87.30; the lower boundary 87.15; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The NZDUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5757, the Neckline and the upward angle are at 0.5733/0.5733. The formation
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