signal strength 1 of 5
The Bearish pennant pattern has formed on the #NTDOY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 17.87; the projection of the flagpole height is equal to 36 pips. In case the price breaks out the pattern’s bottom of 17.87, the downtrend is expected to continue for further level 17.73.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1417; the lower boundary 1.1408; the width of the pattern 9 points
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3592; the lower boundary 1.3578; the width of the pattern 14 points
The M5 and M15 time frames may have more false entry points.
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On the chart of EURJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 162.58; the lower boundary 162.37; the width of the pattern 21 points
The M5 and M15 time frames may have more false entry points.
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