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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Triple Bottom
was formed on 28.07 at 21:51:00 (UTC+0)
signal strength 1 of 5

The Triple Bottom pattern has formed on the chart of EURGBP M5. Features of the pattern: The lower line of the pattern has coordinates 0.9066 with the upper limit 0.9066/0.9057, the projection of the width is 10 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 0.9056, the price is most likely to continue the upward movement.

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

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Actual Patterns