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FX.co ★ #EBAY M15: Bearish Pennant

#EBAY M15: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the #EBAY M15 chart and signals a potential continuation of the existing trend. The pattern low is at 118.48, and the projected flagpole height is 331 points. If the price breaks below the pattern low at 118.48, the downtrend is expected to continue toward 118.26.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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