signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1092; the projection of the flagpole height is equal to 13 pips. In case the price breaks out the pattern’s bottom of 1.1092, the downtrend is expected to continue for further level 1.1077.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 34.51; the lower boundary 34.41; the width of the pattern 95 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of USDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 142.94 with the upper limit 142.94/142.84
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.4926
The M5 and M15 time frames may have more false entry points.
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