FX.co ★ #PEP M15: Bearish pennant

The Bearish pennant pattern has formed on the #PEP M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 142.41; the projection of the flagpole height is equal to 418 pips. In case the price breaks out the pattern’s bottom of 142.41, the downtrend is expected to continue for further level 142.18.