signal strength 4 of 5
The Bearish pennant pattern has formed on the #FB H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 535.05 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
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- 3
- 4
- 5
The Double Top pattern has been formed on USDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3722
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The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6461; the lower boundary is 0.6452. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of EURGBP M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8449; the lower boundary 0.8440; the width of the pattern 9 points
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