signal strength 3 of 5
The Bullish pennant pattern is formed on the #MA M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 544.44, a further uptrend is possible.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9269
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0771, the lower border is 1.0754. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0771, the lower border is 1.0754. The signal means
The M5 and M15 time frames may have more false entry points.
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