FX.co ★ #INTC H1: Bearish pennant

The Bearish pennant pattern has formed on the #INTC H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 20.51; the projection of the flagpole height is equal to 111 pips. In case the price breaks out the pattern’s bottom of 20.51, the downtrend is expected to continue for further level 20.11.