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.
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Bullish pennant
was formed on 12.06 at 05:32:17 (UTC+0)
signal strength 4 of 5
The Bullish pennant pattern is formed on the GBPUSD H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.3592, a further uptrend is possible.
