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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Double Top
was formed on 02.07 at 03:00:17 (UTC+0)
signal strength 4 of 5
The Double Top pattern has been formed on NZDJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 69.22 is broken, the downward movement will continue.
