signal strength 1 of 5
The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 85200.45 is broken, the downward movement will continue.
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 Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3447; the resistance level 1.3454; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.63; the lower boundary is 94.52. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8088 - 0.0000
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