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.
Bearish pennant
was formed on 19.02 at 18:00:20 (UTC+0)
signal strength 2 of 5
The Bearish pennant pattern has formed on the #FB M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 695.34; the projection of the flagpole height is equal to 2180 pips. In case the price breaks out the pattern’s bottom of 695.34, the downtrend is expected to continue for further level 695.11.
The M5 and M15 time frames may have more false entry points.
