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Bearish pennant
was formed on 16.04 at 18:00:05 (UTC+0)
signal strength 2 of 5

Bearish pennant #INTC M15

The Bearish pennant pattern has formed on the #INTC M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 19.08; the projection of the flagpole height is equal to 82 pips. In case the price breaks out the pattern’s bottom of 19.08, the downtrend is expected to continue for further level 18.85.

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

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