signal strength 1 of 5
The Bearish pennant pattern has formed on the EURCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9331; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 0.9331, the downtrend is expected to continue for further level 0.9316.
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 Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.63
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 NZDJPY M5. Characteristics: the upper boundary 87.81; the lower boundary 87.63; the width of the pattern is 18 points. Sell trades
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 GBPJPY H1. Characteristics: the upper boundary 197.99; the lower boundary 197.35; the width of the pattern is 62 points. Sell trades
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