FX.co ★ #INTC M30: Bearish pennant

The Bearish pennant pattern has formed on the #INTC M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 22.77; the projection of the flagpole height is equal to 200 pips. In case the price breaks out the pattern’s bottom of 22.77, the downtrend is expected to continue for further level 22.47.