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 Symmetrical Triangle
was formed on 28.03 at 21:30:39 (UTC+0)
signal strength 2 of 5
According to the chart of M15, #NTDOY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 17.96/18.00 and upper border is 18.04/18.00. The pattern width is measured on the chart at -8 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #NTDOY breaches the lower border, the price could continue its move toward 17.77.
The M5 and M15 time frames may have more false entry points.
