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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Inverse Head and Shoulder
was formed on 25.04 at 21:30:17 (UTC+0)
signal strength 2 of 5
According to M15, GOLD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 3302.69/3296.57 is broken out, the instrument is likely to move toward 3296.79.
The M5 and M15 time frames may have more false entry points.
