signal strength 1 of 5
The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 134.22; the projection of the flagpole height is equal to 201 pips. In case the price breaks out the pattern’s bottom of 134.22, the downtrend is expected to continue for further level 134.07.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
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The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6496
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8158/0.8153
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the #NTDOY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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