FX.co - #KO M15: Double Bottom (2024-11-18 14:30:14)

2024-11-18T14:30:14

Signal strength 2 of 5

#KO M15: Double Bottom

The Double Bottom pattern has been formed on #KO M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 61.74 is broken. The further movements will rely on the width of the current pattern 24 points.

The M5 and M15 time frames may have more false entry points.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Technical Analysis Patterns

#KO M15: Double Bottom

Other patterns by #KO

FX.co ★ #KO M15: Double Bottom

Technical Analysis Patterns

#KO M15: Double Bottom

Other patterns by #KO