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Bearish pennant
was formed on 21.08 at 19:06:37 (UTC+0)
signal strength 1 of 5

Bearish pennant #PEP M5

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 148.92; the projection of the flagpole height is equal to 66 pips. In case the price breaks out the pattern’s bottom of 148.92, the downtrend is expected to continue for further level 148.77.

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

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