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.

Double Bottom
was formed on 03.04 at 20:45:15 (UTC+0)
signal strength 2 of 5

The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 191.13; the resistance level 191.94; the width of the pattern 81 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 82 points.

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

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