signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8881; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 0.8881, the downtrend is expected to continue for further level 0.8866.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6464; the resistance level 0.6474; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on #PEP M15. Characteristics: the upper boundary 143.12; the lower boundary 141.40; the width of the pattern is 179 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCAD M5. It has the following characteristics: resistance level 0.9141/0.9140; support level 0.9133/0.9129; the width is 8 points. In the event
The M5 and M15 time frames may have more false entry points.
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