signal strength 1 of 5
The Bearish pennant pattern has formed on the #AMZN M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 184.25; the projection of the flagpole height is equal to 866 pips. In case the price breaks out the pattern’s bottom of 184.25, the downtrend is expected to continue for further level 184.10.
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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The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9379; the lower boundary is 0.9363. The width of the pattern is 16 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5157/0.5146; support level 0.5118/0.5113; the width is 39 points. In the event
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 148.13; the lower boundary 147.71; the width of the pattern 42 points
The M5 and M15 time frames may have more false entry points.
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