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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Bullish pennant
was formed on 25.04 at 16:14:55 (UTC+0)
signal strength 2 of 5
The Bullish pennant signal – Trading instrument #GOOG M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 168.07, with the prospect of the next move being a projection of the flagpole height.
The M5 and M15 time frames may have more false entry points.
