ACC : Is it a Downward Pennant or a breakout to new upward trend

hey everyone

- stock is making a pennant formation on daily chart

- RSI is above 50 so stock is in bullish mode

- Trading Volume is high


Plan A:
- if the daily candle closes above the trend line and crosses 1320 Fibonacci Level, buying triggers for 1430 levels.

Plan B:
- if the daily candle closes below the trendline below goes below 1230 then we can expect retracement upto 1135


This is for educational purpose only, comments are welcome.