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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Double Bottom
was formed on 30.05 at 17:00:11 (UTC+0)
signal strength 4 of 5
The Double Bottom pattern has been formed on USDJPY H1; the upper boundary is 144.23; the lower boundary is 143.50. The width of the pattern is 78 points. In case of a break of the upper boundary 144.23, 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.
