USD/CAD 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: Invalidated
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 20, 21:00 | 1.40322 |
| Neckline | Oct 21, 08:00 | 1.40676 |
| Low | Oct 21, 18:00 | 1.40384 |
| Confirmation | Oct 21, 22:00 | 1.40751 |
Recently closed Double bottom patterns: 23 in total, 13 reached the target first (57%), 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.
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