signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 194.35; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 194.35, the downtrend is expected to continue for further level 194.20.
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 #TSLA M5. Features of the pattern: The lower line of the pattern has coordinates 315.22 with the upper limit 315.22/314.84
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 315.22/314.84; support level 312.48/313.10; the width is 274 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #PEP M30; the upper boundary is 135.87; the lower boundary is 133.74. The width of the pattern is 201 points. In case
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