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FX.co ★ #MA M15: Bearish pennant

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Technical Analysis Patterns

2026-01-12T16:15:17
Signal strength 2 of 5

#MA M15: Bearish pennant

Bearish pennantThe Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 556.06; the projection of the flagpole height is equal to 2225 pips. In case the price breaks out the pattern’s bottom of 556.06, the downtrend is expected to continue for further level 555.84.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #MA