signal strength 2 of 5
The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 21.00 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
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
- #Bitcoin
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- #FB
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- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
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The Bearish pennant pattern has formed on the #NTDOY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.63
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 199.95; the lower boundary 199.63; the width of the pattern is 30 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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