signal strength 2 of 5
The Bearish pennant pattern has formed on the #AAPL M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 216.06; the projection of the flagpole height is equal to 323 pips. In case the price breaks out the pattern’s bottom of 216.06, the downtrend is expected to continue for further level 215.84.
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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- #INTC
- #KO
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- #PEP
- #TSLA
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8240; the resistance level 0.8261; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5661 and support 1.5638
The M5 and M15 time frames may have more false entry points.
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On the chart of EURCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5659; the lower boundary 1.5641; the width of the pattern 18 points
The M5 and M15 time frames may have more false entry points.
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