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.
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- Double Top
- Flag
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The Double Bottom pattern has been formed on EURCHF 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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According to M30, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8233/0.8233 is broken out, the instrument is likely to move toward
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The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1343; the resistance level 1.1350; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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