signal strength 1 of 5
The Bearish pennant pattern has formed on the #TSLA M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 288.55 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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #PEP
- #TSLA
- #TWTR
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- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
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According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 198.75/199.07 whereas the upper border goes across 199.49/199.07
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF M30; the upper boundary is 0.5225; the lower boundary is 0.5215. The width of the pattern is 9 points. In case
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According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 199.49/199.07
The M5 and M15 time frames may have more false entry points.
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