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.
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The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0861/1.0839; support level 1.0811/1.0805; the width is 50 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found
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The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0861; the lower boundary is 1.0810. The width of the pattern is 50 points. In case
The M5 and M15 time frames may have more false entry points.
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