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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Bottom pattern has been formed on AUDUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6373; the lower boundary is 0.6353. The width of the pattern is 20 points. In case
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 EURJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern
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