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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.
Relevant patterns by InstaForex 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 Flag was formed on 07.07 at 17:01:05 (UTC+0) signal strength 3 of 5
The Bullish Flag pattern has been formed on #NTDOY at M30. The lower boundary of the pattern is located at 59.83/59.77, while the higher boundary lies at 59.97/59.91. The projection of the flagpole is 141 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 59.97 is broken, the price will move further upwards.