signal strength 3 of 5
The Bearish pennant pattern has formed on the NZDUSD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5563; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 0.5563, the downtrend is expected to continue for further level 0.5533.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bullish Flag pattern has been formed on GBPJPY at M5. The lower boundary of the pattern is located at 195.45/195.27, while the higher boundary lies at 195.63/195.45. The projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GBPJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8232; the lower boundary 0.8224; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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