Bullish Pennants, Signals that bulls are about to go a-chargin' again
This means that the sharp climb in price would resume after that brief of consolidation, when bulls gather enough energy to take the price higher again.
To trade this, place your long (buy) order above the pennant and stop loss below the bottom of the pennant to avoid fakeouts
This means that the sharp climb in price would resume after that brief of consolidation, when bulls gather enough energy to take the price higher again.
To trade this, place your long (buy) order above the pennant and stop loss below the bottom of the pennant to avoid fakeouts