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
- #Bitcoin
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- #GOOG
- #INTC
- #KO
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- #PEP
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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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According to the chart of M5, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.1474
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 166.67
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD D1. Characteristics: the upper boundary 1.3615; the lower boundary 1.3455; the width of the pattern is 176 points. Sell trades
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