signal strength 3 of 5
The Bearish pennant pattern has formed on the EURJPY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 162.05; the projection of the flagpole height is equal to 88 pips. In case the price breaks out the pattern’s bottom of 162.05, the downtrend is expected to continue for further level 161.75.
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 EURNZD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9087
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5773; the resistance level 1.5789; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 142.32 and 142.05 are the coordinates
The M5 and M15 time frames may have more false entry points.
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