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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- AUDCAD
- AUDCHF
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- AUDUSD
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- GBPAUD
- GBPCHF
- GBPJPY
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- USDRUB
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According to the chart of M30, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 198.79, the lower border is 198.33. The signal means
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The Double Bottom pattern has been formed on NZDCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDCHF H1. Characteristics: the upper boundary 0.5277; the lower boundary 0.5261; the width of the pattern is 16 points. Sell trades
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