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Actual patterns
Double Bottom
The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5950; the lower boundary is 0.5939. The width of the pattern is 11 points. In case of a break of the upper boundary 0.5950, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Triple Bottom
The Triple Bottom pattern has been formed on GBPCHF H1. It has the following characteristics: resistance level 1.0997/1.0988; support level 1.0919/1.0919; the width is 78 points. In the event of a breakdown of the resistance level of 1.0997, the price is likely to continue an upward movement at least to 1.0968.
Triple Bottom
The Triple Bottom pattern has formed on the chart of USDJPY H1. Features of the pattern: The lower line of the pattern has coordinates 145.09 with the upper limit 145.09/144.24, the projection of the width is 134 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 143.75, the price is most likely to continue the upward movement.
Triple Bottom
The Triple Bottom pattern has formed on the chart of the USDCHF H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8274/0.8247.
Double Bottom
The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9297; the resistance level 0.9301; the width of the pattern 4 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 4 points.