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 EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5778; the lower boundary 1.5752; the width of the pattern 26 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 143.53/143.49; support level 143.24/143.25; the width is 29 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe technical pattern called Head and Shoulders has appeared on the chart of USDCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.8293/0.8295 after
The M5 and M15 time frames may have more false entry points.
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