NZD/USD Double bottom 15 min
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double bottom: Active
Last 0.56301, 47% of the way to target (target is 0.24% 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 | Oct 29, 18:00 | 0.56074 |
| Neckline | Oct 29, 19:15 | 0.56207 |
| Low | Oct 29, 20:30 | 0.56042 |
| Confirmation | Oct 29, 22:45 | 0.56239 |
Recently closed Double bottom patterns: 22 in total, 15 reached the target first (68%), 5 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.
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