Actual patterns

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Actual patterns

Double Bottom

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was formed on 30.05 at 19:05:16 (UTC+0)
signal strength 1 of 5

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 194.63; the lower boundary is 193.61. The width of the pattern is 101 points. In case of a break of the upper boundary 194.63, 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