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According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 3282.85/3279.64 whereas the lower border goes across 3276.65/3279.64. The pattern width is measured on the chart at 620 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 3279.64 is broken, the price could continue its move toward 3279.79.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 141.47; the projection
Open chart in a new windowThe Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF H1. Forecast: if the price breaks above the pattern high at 1.0785, then
Open chart in a new windowThe Bullish pennant pattern is formed on the GBPCHF H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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