FX.co ★ #NTDOY H1: Bearish pennant

The Bearish pennant pattern has formed on the #NTDOY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 13.16; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 13.16, the downtrend is expected to continue for further level 12.76.