signal strength 1 of 5
The Double Bottom pattern has been formed on #INTC 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 23.28 is broken. The further movements will rely on the width of the current pattern 42 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 NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 85.95, the Neckline and the upward angle are at 85.69/85.68. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 148.72 is likely to encourage a continuation
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.71; the lower boundary 193.43; the width of the pattern 28 points
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