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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Triple Bottom
was formed on 14.11 at 05:55:13 (UTC+0)
signal strength 1 of 5
The Triple Bottom pattern has been formed on GBPJPY M5. It has the following characteristics: resistance level 203.22/203.15; support level 203.00/203.00; the width is 22 points. In the event of a breakdown of the resistance level of 203.22, the price is likely to continue an upward movement at least to 203.13.
The M5 and M15 time frames may have more false entry points.
