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Bearish pennant
was formed on 08.04 at 18:17:34 (UTC+0)
signal strength 1 of 5

Bearish pennant GOLD M5

The Bearish pennant pattern has formed on the GOLD M5 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 2993.55, a trader will be able to successfully enter the sell position.

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

Figure
  • All
Instrument
  • All
  • Bearish Rectangle
  • Bearish Symmetrical Triangle
  • Bearish Symmetrical Triangle
  • Bullish Rectangle
  • Double Top
  • Double Top
  • Triple Bottom
  • Triple Bottom
  • Triple Top
  • Triple Top
Timeframe
  • All
Trend
  • All
  • Buy
  • Sale
Signal Strength
  • All
  • 1
  • 2
  • 3
  • 4
  • 5
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