signal strength 1 of 5
The Bearish pennant pattern has formed on the GOLD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 3271.62; the projection of the flagpole height is equal to 1887 pips. In case the price breaks out the pattern’s bottom of 3271.62, the downtrend is expected to continue for further level 3271.47.
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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According to M15, GBPJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 193.27/193.16 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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According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 163.27 and 162.53 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 3290.48 is breached. Here
The M5 and M15 time frames may have more false entry points.
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