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BCC and waiting for Second Biggest move
As shown in chart BCC Formin Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging’ again.
This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again.
To play this, we’d place our long order above the pennant and our stop below the bottom of the pennant to avoid fakeouts.
Like we discussed earlier, the size of the breakout move is around the height of the mast (or the size of the earlier move)
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This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again.
To play this, we’d place our long order above the pennant and our stop below the bottom of the pennant to avoid fakeouts.
Like we discussed earlier, the size of the breakout move is around the height of the mast (or the size of the earlier move)
keep follow to get all our updates
Good Luck
Thank you
-----------------------------------------------
Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
Nota
RSI indicator is in overbought, It's likely to drop slightly
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.