Actual patterns

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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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Bearish Symmetrical Triangle
was formed on 20.03 at 15:31:02 (UTC+0)
signal strength 4 of 5

According to the chart of H1, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 377.44/386.30 and upper border is 395.49/386.30. The pattern width is measured on the chart at -1805 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MSFT breaches the lower border, the price could continue its move toward 385.90.

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Actual Patterns