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.
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Bullish pennant
was formed on 22.07 at 21:00:22 (UTC+0)
signal strength 3 of 5
The Bullish pennant graphic pattern has formed on the #MCD M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 199.94.
