signal strength 1 of 5
The Bearish pennant pattern has formed on the #AMZN M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 184.25; the projection of the flagpole height is equal to 866 pips. In case the price breaks out the pattern’s bottom of 184.25, the downtrend is expected to continue for further level 184.10.
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
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- AUDCAD
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- EURUSD
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- GBPJPY
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- NZDCAD
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- NZDUSD
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- USDCAD
- USDCHF
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- USDRUB
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The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3892; the lower boundary is 1.3885. The width of the pattern is 7 points. In case
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 M15; the upper boundary is 193.44; the lower boundary is 193.02. The width of the pattern is 39 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.44/92.66 and upper border is 92.96/92.66. The pattern width is measured
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