There is also a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777400000 |
| 2nd High | 0.737100000 |
| Next High | 0.735000000 |
| Current Price | 0.734700000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.568700000 |
0.735000000 – 0.737100000 – 0.777400000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Outside Down – Double bottom retreat down