signal strength 2 of 5
The Bearish pennant pattern has formed on the GBPCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0670; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 1.0670, the downtrend is expected to continue for further level 1.0647.
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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- AUDCHF
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- AUDUSD
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- EURGBP
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The Triple Top pattern has formed on the chart of the NZDUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6534; the lower boundary 0.6522; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDUSD D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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