FX.co ★ #PEP M30: Bearish pennant

The Bearish pennant pattern has formed on the #PEP M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 144.13; the projection of the flagpole height is equal to 321 pips. In case the price breaks out the pattern’s bottom of 144.13, the downtrend is expected to continue for further level 143.83.