signal strength 4 of 5
The Bearish pennant pattern has formed on the USDJPY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 143.34; the projection of the flagpole height is equal to 74 pips. In case the price breaks out the pattern’s bottom of 143.34, the downtrend is expected to continue for further level 142.94.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.6052; the resistance level 0.6058; the width of the pattern 6 points. If the resistance level
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 Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1002 and support 1.0993
The M5 and M15 time frames may have more false entry points.
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On the chart of the SILVER H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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