signal strength 1 of 5
The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 260.80; the projection of the flagpole height is equal to 887 pips. In case the price breaks out the pattern’s bottom of 260.80, the downtrend is expected to continue for further level 260.65.
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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- #AAPL
- #AMZN
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The Bullish pennant signal – Trading instrument #INTC M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 22.88, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument #AMZN M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 215.11, with the prospect
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The Bullish pennant pattern is formed on the #AMZN M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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