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Actual patterns
Double Bottom
The Double Bottom pattern has formed on the USDCHF M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.8252. The projected move is based on the pattern width of 22 points.
Double Bottom
The Double Bottom pattern has formed on the USDCHF M30 chart. Its upper boundary is at 0.8296, its lower boundary is at 0.8271, and its width is 23 points. A break above the upper boundary at 0.8296 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Triple Bottom
The Triple Bottom pattern has formed on the chart of USDCHF M5. The lower boundary is at 0.8273, while the upper boundary is at 0.8289/0.8280. The projected width is 15 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.8289 is broken, the price is likely to continue upward.
Triple Bottom
The Triple Bottom pattern has formed on the USDCHF M5 chart. A break above the confirmation resistance at 0.8289 may signal a reversal from a downtrend to an uptrend.
Head and Shoulders
The Head and Shoulders pattern has formed on the USDCHF H1 chart. The head high is at 0.8312, while the neckline passes through 0.8282/0.8291. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.