Actual patterns
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 29.07 at 03:00:19 (UTC+0)
signal strength 3 of 5
The Double Bottom pattern has been formed on EURJPY M30. Characteristics: the support level 122.98; the resistance level 123.16; the width of the pattern 18 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 17 points.
