FX.co ★ #MA M15: Bearish pennant

The 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 533.67; the projection of the flagpole height is equal to 3448 pips. In case the price breaks out the pattern’s bottom of 533.67, the downtrend is expected to continue for further level 533.45.