signal strength 2 of 5
The Bearish pennant pattern has formed on the #AMZN M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 183.52 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
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
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- 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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- M5
- M15
- M30
- H1
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The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3679; the projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 162.28/163.37 whereas the upper border goes across 164.23/163.37
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The Double Bottom pattern has been formed on GBPJPY M30. Characteristics: the support level 193.37; the resistance level 194.63; the width of the pattern 126 points. If the resistance level
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