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 31.07 at 17:35:32 (UTC+0)
signal strength 1 of 5
The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 311.41; the resistance level 321.07; the width of the pattern 966 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 980 points.
The M5 and M15 time frames may have more false entry points.
