Actual patterns

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Actual patterns

Bearish pennant

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was formed on 04.04 at 18:17:31 (UTC+0)
signal strength 2 of 5

The Bearish pennant pattern has formed on the #FB M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 494.49, a trader will be able to successfully enter the sell position.

The M5 and M15 time frames may have more false entry points.

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Bearish pennant