FX.co ★ #MSFT M30: Bearish Pennant

The Bearish Pennant pattern has formed on the #MSFT M30 chart and signals a potential continuation of the existing trend. The pattern low is at 489.01, and the projected flagpole height is 1188 points. If the price breaks below the pattern low at 489.01, the downtrend is expected to continue toward 488.70.