Actual patterns

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Actual patterns

Double Bottom

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was formed on 08.05 at 00:05:16 (UTC+0)
signal strength 1 of 5

The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 3375.87; the lower boundary is 3363.32. The width of the pattern is 1258 points. In case of a break of the upper boundary 3375.87, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The M5 and M15 time frames may have more false entry points.

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Double Bottom