signal strength 2 of 5
The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.8970; the lower boundary is 1.8933. The width of the pattern is 35 points. In case of a break of the upper boundary 1.8970, 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
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
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The Bullish pennant graphic pattern has formed on the EURJPY H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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According to the chart of M30, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 36.17
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According to the chart of M15, SILVER formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 36.38 - 0.00
The M5 and M15 time frames may have more false entry points.
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