AUD/USD Double bottom 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double bottom: First target, then break-even
What this tells you
Price finds support twice at a similar low; a break above the high between them (the neckline) often marks a turn from down to up.
← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns
Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Low | Oct 27, 06:00 | 0.70085 |
| Neckline | Oct 27, 12:00 | 0.70337 |
| Low | Oct 27, 15:00 | 0.70117 |
| Confirmation | Oct 27, 23:00 | 0.70383 |
Recently closed Double bottom patterns: 22 in total, 12 reached the target first (55%), 8 were invalidated and 2 expired. Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
Live levels and price alerts in the app
The Borearis app has live levels for every market, price alerts, daily picks and AI analysis.
