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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According to the chart of M5, NZDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5976, the lower border is 0.5969. The signal means
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument #PEP M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 148.79, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF M15. Forecast: if the price breaks above the pattern high at 1.0925, then
The M5 and M15 time frames may have more false entry points.
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