signal strength 1 of 5
The Bearish pennant pattern has formed on the #AMZN M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 184.25; the projection of the flagpole height is equal to 866 pips. In case the price breaks out the pattern’s bottom of 184.25, the downtrend is expected to continue for further level 184.10.
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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- #AAPL
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The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 134.35; the lower boundary 133.68; the width of the pattern is 69 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 95399.01; the lower boundary 94594.52; the width of the pattern 80449 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #MSFT M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 393.35
The M5 and M15 time frames may have more false entry points.
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