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 134.22; the projection of the flagpole height is equal to 201 pips. In case the price breaks out the pattern’s bottom of 134.22, the downtrend is expected to continue for further level 134.07.
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 Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 327.58; the resistance level 329.81; the width of the pattern 223 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 329.81; the lower boundary is 327.73. The width of the pattern is 223 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on #TSLA M15. Characteristics: the upper boundary 330.45; the lower boundary 324.60; the width of the pattern is 603 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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