signal strength 1 of 5
The Bearish pennant pattern has formed on the USDCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8817; the projection of the flagpole height is equal to 11 pips. In case the price breaks out the pattern’s bottom of 0.8817, the downtrend is expected to continue for further level 0.8802.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3581 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 36.03/36.21 whereas the upper border goes across 36.35/36.21
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3377.38; the resistance level 3390.83; the width of the pattern 1345 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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