signal strength 1 of 5
The Bearish pennant pattern has formed on the #NTDOY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 18.08; the projection of the flagpole height is equal to 53 pips. In case the price breaks out the pattern’s bottom of 18.08, the downtrend is expected to continue for further level 17.93.
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 Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 161.42; the lower boundary is 161.26. The width of the pattern is 15 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURUSD M15. Characteristics: the support level 1.1264; the resistance level 1.1282; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of EURUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.1282 with the upper limit 1.1282/1.1276
The M5 and M15 time frames may have more false entry points.
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