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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Bullish Pennant
was formed on 17.07 at 16:46:43 (UTC+0)
signal strength 1 of 5
was formed on 17.07 at 16:46:43 (UTC+0)
signal strength 1 of 5
A Bullish Pennant continuation signal has formed on the #NTDOY M5 chart. A long position may be considered above the pattern high at 21.86, with the projected move based on the height of the flagpole.
The M5 and M15 time frames may generate more false entry signals.
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Instrument
Timeframe
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Signal Strength
