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FX.co ★ #PEP M15: Bearish Pennant

#PEP M15: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the #PEP M15 chart and signals a potential continuation of the existing trend. The pattern low is at 139.36, and the projected flagpole height is 430 points. If the price breaks below the pattern low at 139.36, the downtrend is expected to continue toward 139.14.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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