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: Active
Last 0.70157, 34% of the way to target (target is 0.56% from confirmation).
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.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Low | Nov 03, 16:00 | 0.69612 |
| Neckline | Nov 03, 21:00 | 0.69977 |
| Low | Nov 04, 11:00 | 0.69536 |
| Confirmation | Nov 04, 17:00 | 0.70025 |
Recently closed Double bottom patterns: 21 in total, 13 reached the target first (62%), 4 were invalidated and 4 expired. Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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