signal strength 1 of 5
The Bearish pennant pattern has formed on the #TSLA M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 288.55 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #PEP
- #TSLA
- #TWTR
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- AUDCHF
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- AUDUSD
- EURCAD
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- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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- NZDUSD
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3342/1.3372 and upper border is 1.3398/1.3372. The pattern width is measured
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 NZDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.5771 with the upper limit 0.5771/0.5766
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 204.32; the resistance level 204.53; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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