signal strength 1 of 5
The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 143.78; the lower boundary is 143.65. The width of the pattern is 12 points. In case of a break of the upper boundary 143.78, 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
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 290.06; the resistance level 291.55; the width of the pattern 149 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #NTDOY M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 103749.36/104525.13 and upper border is 105534.89/104525.13. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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