signal strength 1 of 5
The Bearish pennant pattern has formed on the #INTC M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 24.13 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
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.3839; the resistance level 1.3872; the width of the pattern 33 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 H1, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0742, the lower border is 1.0613. The signal means
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According to the chart of M30, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4762, the lower border is 0.4692. The signal means
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