signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6272; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 0.6272, the downtrend is expected to continue for further level 0.6249.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 169.12; the lower boundary 168.91; the width of the pattern 21 points
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 EURUSD M5. Characteristics: the upper boundary 1.1720; the lower boundary 1.1690; the width of the pattern is 29 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3724
The M5 and M15 time frames may have more false entry points.
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