signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the GOLD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 3321.87.
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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- NZDUSD
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The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6034; the lower boundary 0.6024; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6516; the lower boundary 0.6506; the width of the pattern 10 points
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GBPAUD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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