logo

FX.co ★ #KO M5: Bearish pennant

#KO M5: Bearish pennant

Bearish pennantThe Bearish pennant pattern has formed on the #KO M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 48.51; the projection of the flagpole height is equal to 53 pips. In case the price breaks out the pattern’s bottom of 48.51, the downtrend is expected to continue for further level 48.36.
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
Go to the patterns list Go to graph