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.
Inverse Head and Shoulder
was formed on 09.04 at 16:30:07 (UTC+0)
signal strength 1 of 5
According to the chart of M5, #MCD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 302.04 while the median line of the Neck is found at 294.67/299.47. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #MCD will go towards 302.19
The M5 and M15 time frames may have more false entry points.
