signal strength 1 of 5

The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8185 with the upper limit 0.8185/0.8179, the projection of the width is 8 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 0.8177, the price is most likely to continue the upward movement.
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 EURNZD M5; the upper boundary is 1.9348; the lower boundary is 1.9334. The width of the pattern is 16 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on USDCAD M30; the upper boundary is 1.3778; the lower boundary is 1.3724. The width of the pattern is 54 points. In case
Open chart in a new windowThe Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 94.26
The M5 and M15 time frames may have more false entry points.
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