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.
Relevant patterns by InstaTrade 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 Flag
was formed on 29.08 at 14:31:11 (UTC+0)
signal strength 3 of 5
The Bearish Flag pattern has been formed on GBPJPY at M30. The lower boundary of the pattern is located at 197.86/198.12 while the upper boundary lies at 198.12/198.38. The projection of the flagpole is 71 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 197.86 is broken, the price will move further downwards.
