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.

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.

Bearish Rectangle
was formed on 03.04 at 20:01:30 (UTC+0)
signal strength 1 of 5

According to the chart of M5, SILVER formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 32.02, the lower border is 31.82. The signal means that a short position should be opened after fixing a price below the lower border 31.82 of the Bearish Rectangle.

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

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