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 14.10 at 17:00:08 (UTC+0)
signal strength 4 of 5
The Double Bottom pattern has been formed on AUDJPY H1; the upper boundary is 99.43; the lower boundary is 97.80. The width of the pattern is 163 points. In case of a break of the upper boundary 99.43, 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.
