For Traders

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 21.04 at 17:59:57 (UTC+0)
signal strength 3 of 5

The Bearish pennant pattern has formed on the #TSLA M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 223.47; the projection of the flagpole height is equal to 1803 pips. In case the price breaks out the pattern’s bottom of 223.47, the downtrend is expected to continue for further level 223.17.

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Double Top
was formed on 30.04 at 08:10:41 (UTC+0)
signal strength 1 of 5

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8863

The M5 and M15 time frames may have more false entry points.

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Double Bottom
was formed on 30.04 at 08:00:27 (UTC+0)
signal strength 3 of 5

The Double Bottom pattern has been formed on GBPUSD M30. Characteristics: the support level 1.3379; the resistance level 1.3420; the width of the pattern 41 points. If the resistance level

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Triple Top
was formed on 30.04 at 07:55:10 (UTC+0)
signal strength 1 of 5

The Triple Top pattern has formed on the chart of the USDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern

The M5 and M15 time frames may have more false entry points.

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