Actual patterns

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Actual patterns

Bearish pennant

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was formed on 07.04 at 01:00:16 (UTC+0)
signal strength 3 of 5

The Bearish pennant pattern has formed on the NZDUSD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5563; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 0.5563, the downtrend is expected to continue for further level 0.5533.

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Bearish pennant