signal strength 3 of 5
The Triple Bottom pattern has formed on the chart of AUDCHF M30. Features of the pattern: The lower line of the pattern has coordinates 0.5232 with the upper limit 0.5232/0.5218, the projection of the width is 26 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 0.5206, the price is most likely to continue the upward movement.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish pennant pattern is formed on the #TSLA 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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The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.4655; the lower boundary is 0.4643. The width of the pattern is 12 points. In case
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The Double Top reversal pattern has been formed on #PEP M30. Characteristics: the upper boundary 142.02; the lower boundary 140.41; the width of the pattern is 165 points. Sell trades
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