signal strength 1 of 5
The Double Bottom pattern has been formed on NZDUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.5586 is broken. The further movements will rely on the width of the current pattern 39 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 USDCAD M5. Characteristics: the upper boundary 1.3859; the lower boundary 1.3844; the width of the pattern is 14 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 32.97; the lower boundary 32.66; the width of the pattern 305 points
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8262; the lower boundary 0.8216; the width of the pattern 46 points
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