It seems like we are likely to form a pennant here.
Give it some time before it breaks out / down.
Keep an eye on volume for confirmation.
Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable.
Other annotations on the chart.
Cheerz : ]
Give it some time before it breaks out / down.
Keep an eye on volume for confirmation.
Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable.
Other annotations on the chart.
Cheerz : ]
