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.
Bullish Symmetrical Triangle
was formed on 16.12 at 04:12:03 (UTC+0)
signal strength 3 of 5
According to the chart of M30, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9385/0.9374 whereas the lower border goes across 0.9361/0.9374. The pattern width is measured on the chart at 24 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9374 is broken, the price could continue its move toward 0.9404.
