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Bearish pennant
was formed on 16.04 at 16:00:14 (UTC+0)
signal strength 1 of 5

Bearish pennant #FB M5

The Bearish pennant pattern has formed on the #FB M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 507.03 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

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

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