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According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85375.58/85027.71 whereas the lower border goes across 84707.51/85027.71. The pattern width is measured on the chart at 66807 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85027.71 is broken, the price could continue its move toward 85027.86.
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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- #AAPL
- #AMZN
- #Bitcoin
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- #GOOG
- #INTC
- #KO
- #MA
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- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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- USDJPY
- USDRUB
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According to the chart of H1, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.61/84.93 and upper border is 85.30/84.93. The pattern width is measured
Open chart in a new windowThe Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5548; the resistance level 1.5557; the width of the pattern 9 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M30, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 84.61 is breached. Here
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