signal strength 1 of 5
The Bearish pennant pattern has formed on the #MCD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 312.97 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
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 Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 285.56 with the upper limit 285.56/285.36
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #AMZN M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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According to M5, #MCD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 285.56/285.36 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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