signal strength 1 of 5
The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 193.59 with the upper limit 193.59/193.57, the projection of the width is 14 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 193.45, 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 technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5943/0.5943 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0736
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The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9114
The M5 and M15 time frames may have more false entry points.
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