logo

FX.co ★ #GOOG M15: Bearish Pennant

#GOOG M15: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the #GOOG M15 chart and signals a potential continuation of the existing trend. The pattern low is at 337.68, and the projected flagpole height is 629 points. If the price breaks below the pattern low at 337.68, the downtrend is expected to continue toward 337.45.
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
Go to the patterns list Go to graph