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Actual patterns
Triple Top
The Triple Top pattern has formed on the chart of the USDCHF M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9137/0.9140 with the upper limit 0.9172/0.9172; the projection of the width is 35 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9137, the price is most likely to continue the downward movement.
Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.5539/1.5523.
Triple Top
The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 73.33/73.50 with the upper limit 73.55/73.56; the projection of the width is 22 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 73.33, the price is most likely to continue the downward movement.
Double Bottom
The Double Bottom pattern has been formed on #AMZN M15. 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 3044.82 is broken. The further movements will rely on the width of the current pattern 2678 points.
Bearish Symmetrical Triangle
According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2898/1.2947 and upper border is 1.3002/1.2947. The pattern width is measured on the chart at -104 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.
