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 Flag
was formed on 19.06 at 09:57:29 (UTC+0)
signal strength 3 of 5
The Bearish Flag pattern has been formed on NZDUSD at M30. The lower boundary of the pattern is located at 0.5956/0.5970 while the upper boundary lies at 0.5978/0.5992. The projection of the flagpole is 41 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5956 is broken, the price will move further downwards.
