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Actual patterns
Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 212.59 with the upper limit 212.59/212.42, the projection of the width is 34 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 212.25, the price is most likely to continue the upward movement.
Triple Bottom
The Triple Bottom pattern has formed on the chart of NZDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 92.72 with the upper limit 92.72/92.61, the projection of the width is 19 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 92.53, the price is most likely to continue the upward movement.
Double Top
On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9781; the lower boundary 1.9767; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9752 level.
Bullish Rectangle
According to the chart of M30, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9422 – 0.9422 and upper border 0.9448 – 0.9448. In case the upper border is broken, the instrument is likely to follow the upward trend.
Triple Top
The Triple Top pattern has formed on the chart of the #MCD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 307.34/307.94 with the upper limit 308.31/308.38; the projection of the width is 97 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 307.34, the price is most likely to continue the downward movement.