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 09.10 at 19:00:30 (UTC+0)
signal strength 3 of 5
The Bearish Flag pattern has been formed on NZDCAD at M30. The lower boundary of the pattern is located at 0.8038/0.8046 while the upper boundary lies at 0.8048/0.8056. The projection of the flagpole is 25 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.8038 is broken, the price will move further downwards.
