signal strength 1 of 5
The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3748; the projection of the flagpole height is equal to 36 pips. In case the price breaks out the pattern’s bottom of 1.3748, the downtrend is expected to continue for further level 1.3733.
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 AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6489
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The Double Top pattern has been formed on NZDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8141
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The NZDUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5937, the Neckline and the upward angle are at 0.5930/0.5930. The formation
The M5 and M15 time frames may have more false entry points.
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