signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5125; the projection of the flagpole height is equal to 80 pips. In case the price breaks out the pattern’s bottom of 0.5125, the downtrend is expected to continue for further level 0.5102.
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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The Triple Bottom pattern has formed on the chart of EURUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.1303 with the upper limit 1.1303/1.1299
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.3406 with the upper limit 1.3406/1.3399
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3391; the resistance level 1.3406; the width of the pattern 15 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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