FX.co ★ #MA H1: Bearish pennant

The Bearish pennant pattern has formed on the #MA H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 503.17; the projection of the flagpole height is equal to 1611 pips. In case the price breaks out the pattern’s bottom of 503.17, the downtrend is expected to continue for further level 502.77.