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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Bearish pennant
was formed on 24.07 at 07:02:25 (UTC+0)
signal strength 3 of 5
The Bearish pennant pattern has formed on the NZDCHF M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.6116 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
