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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Double Top
was formed on 30.04 at 23:00:21 (UTC+0)
signal strength 5 of 5
On the chart of NZDCAD D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8316; the lower boundary 0.7826; the width of the pattern 490 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.7786 level.
