
The Double Bottom pattern has been formed on #FB M5; the upper boundary is 518.05; the lower boundary is 502.39. The width of the pattern is 1532 points. In case of a break of the upper boundary 518.05, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade