signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the EURJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 170.01.
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 GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.3313 with the upper limit 1.3313/1.3299
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on NZDCAD at M30. The lower boundary of the pattern is located at 0.8038/0.8046 while the upper boundary lies at 0.8048/0.8056. The projection
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The Bearish pennant pattern has formed on the NZDCAD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8038; the projection
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