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 133.65; the projection of the flagpole height is equal to 232 pips. In case the price breaks out the pattern’s bottom of 133.65, the downtrend is expected to continue for further level 133.50.
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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The Triple Bottom pattern has formed on the chart of NZDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.7974 with the upper limit 0.7974/0.7969
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #PEP M15. Characteristics: the support level 143.23; the resistance level 144.04; the width of the pattern 81 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M15; the upper boundary is 87.03; the lower boundary is 86.76. The width of the pattern is 26 points. In case
The M5 and M15 time frames may have more false entry points.
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