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Bearish pennant
was formed on 01.11 at 18:40:35 (UTC+0)
signal strength 1 of 5

Bearish pennant SILVER M5

The Bearish pennant pattern has formed on the SILVER M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 32.53; the projection of the flagpole height is equal to 150 pips. In case the price breaks out the pattern’s bottom of 32.53, the downtrend is expected to continue for further level 32.52.

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

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