signal strength 1 of 5
The Bearish pennant pattern has formed on the #MA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 466.76; the projection of the flagpole height is equal to 3098 pips. In case the price breaks out the pattern’s bottom of 466.76, the downtrend is expected to continue for further level 466.61.
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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- #AAPL
- #AMZN
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- GBPUSD
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According to the chart of M5, #MSFT formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 85.43; the lower boundary 84.86; the width of the pattern 57 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5959/0.5957; support level 0.5947/0.5951; the width is 12 points. In the event
The M5 and M15 time frames may have more false entry points.
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