As a continuation of the previous analysis, this is a noteworthy pattern.
Do they ALWAYS play out? NO. But they have a high success rate of playing out. A Break underneath the pennant invalidates the pattern.
Regards
BlockTechEv
Do they ALWAYS play out? NO. But they have a high success rate of playing out. A Break underneath the pennant invalidates the pattern.
Regards
BlockTechEv
Commento:
The length of the flag is usually the desired target above the pennant.
Commento:
You would also need confirmation first of breakout just above the pennant (flag top) before the pennant becomes "active".
Commento:
Latest video on XRP available, watch if you're interested in some trading tips to use across ALL markets. (And price targets)
