signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the #PEP 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 130.92.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Triple top
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The Bearish pennant pattern has formed on the GBPUSD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3398 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 196.69; the lower boundary 196.35; the width of the pattern 34 points
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The Bearish pennant pattern has formed on the EURUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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