Actual patterns
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
Relevant patterns by InstaTrade is an easy-to-use service which allows you to be aware of latest changes in the market and react to clues from the market in time. In our service you will always find the latest and most relevant patterns on any pair and any timeframe.
Bullish Rectangle
was formed on 17.03 at 19:24:15 (UTC+0)
signal strength 3 of 5
According to the chart of M30, #MSFT formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 390.29 and support 385.61. In case the resistance level 390.29 - 390.29 is broken, the instrument is likely to follow the bullish trend.
