signal strength 1 of 5

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 133.65; the projection of the flagpole height is equal to 232 pips. In case the price breaks out the pattern’s bottom of 133.65, the downtrend is expected to continue for further level 133.50.
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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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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