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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0495; the lower boundary 2.0482; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0495 and support 2.0482
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 86.66/86.55
The M5 and M15 time frames may have more false entry points.
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