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 11.04 at 18:30:14 (UTC+0)
signal strength 1 of 5
The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 3243.80; the lower boundary 3219.16; the width of the pattern is 2574 points. Sell trades are better to be opened below the lower boundary 3219.16 with a possible movements towards the 3219.01 level.
The M5 and M15 time frames may have more false entry points.
