A pennant is forming which, considering the low volume downtrend, has an 88% chance of a down burst.
It should retrace by 51% of the flag height (A -> B), starting with the highest point reached inside the pennant, reaching point D.
reference: Bulkowski's Pennants - thepatternsite. com/pennants.html
It should retrace by 51% of the flag height (A -> B), starting with the highest point reached inside the pennant, reaching point D.
reference: Bulkowski's Pennants - thepatternsite. com/pennants.html
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.