We still have a lot of uncertainty in the market. Is it going to recover? Is it going to fall further before more recovery?
A pennant, just like everything else, can be a reversal pattern or a continuation pattern.
Generally, it will go up or down by the amount of double arrow. This is how we know the price point.
The recent bearish drop broke out of the pennant. This could indicate that it is heading towards south, not north.
A pennant, just like everything else, can be a reversal pattern or a continuation pattern.
Generally, it will go up or down by the amount of double arrow. This is how we know the price point.
The recent bearish drop broke out of the pennant. This could indicate that it is heading towards south, not north.