signal strength 1 of 5
The Double Bottom pattern has been formed on SILVER 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 33.44 is broken. The further movements will rely on the width of the current pattern 45 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Triple top
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The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 34.45; the lower boundary 34.33; the width of the pattern is 120 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8973 is breached. Here
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The Triple Bottom pattern has formed on the chart of EURCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.5444 with the upper limit 1.5444/1.5442
The M5 and M15 time frames may have more false entry points.
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