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FX.co ★ #MSFT M15: Bearish pennant

#MSFT M15: Bearish pennant

Bearish pennantThe Bearish pennant pattern has formed on the #MSFT M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 460.96; the projection of the flagpole height is equal to 976 pips. In case the price breaks out the pattern’s bottom of 460.96, the downtrend is expected to continue for further level 460.73.
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
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