#NTDOY M15 Bearish pennant

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 12.31; the projection of the flagpole height is equal to 50 pips. In case the price breaks out the pattern’s bottom of 12.31, the downtrend is expected to continue for further level 12.09.