Actual patterns

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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.

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Double Bottom
was formed on 02.07 at 02:50:25 (UTC+0)
signal strength 1 of 5

The Double Bottom pattern has been formed on NZDJPY 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 69.61 is broken. The further movements will rely on the width of the current pattern 11 points.

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

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Signal Strength

Actual Patterns