FX.co ★ #FB M30: Bearish pennant

The Bearish pennant pattern has formed on the #FB M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 616.23; the projection of the flagpole height is equal to 1485 pips. In case the price breaks out the pattern’s bottom of 616.23, the downtrend is expected to continue for further level 615.93.