signal strength 2 of 5
The Triple Bottom pattern has formed on the chart of USDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 140.99 with the upper limit 140.99/140.92, the projection of the width is 35 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 140.64, 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 Bearish pennant pattern has formed on the GBPJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 192.76 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 33.17/32.16
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According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8299/0.8226
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