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.
Head and Shoulders
was formed on 07.04 at 16:09:55 (UTC+0)
signal strength 1 of 5
According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.8589.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- All
- Bearish Rectangle
- Bearish Symmetrical Triangle
- Bearish Symmetrical Triangle
- Bullish Rectangle
- Double Top
- Double Top
- Triple Bottom
- Triple Bottom
- Triple Top
- Triple Top
- All
- All
- Buy
- Sale
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Double Top
was formed on 17.04 at 06:00:30 (UTC+0)
signal strength 3 of 5
On the chart of EURJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 162.23; the lower boundary 161.48; the width of the pattern 75 points
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Double Bottom
was formed on 17.04 at 05:55:25 (UTC+0)
signal strength 1 of 5
The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6353; the resistance level 0.6366; the width of the pattern 13 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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Bearish Rectangle
was formed on 17.04 at 05:27:54 (UTC+0)
signal strength 1 of 5
According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6353
The M5 and M15 time frames may have more false entry points.
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