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Bearish pennant
was formed on 21.08 at 16:46:08 (UTC+0)
signal strength 2 of 5

Bearish pennant #NTDOY M15

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 22.97; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 22.97, the downtrend is expected to continue for further level 22.75.

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

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