We have a pole, we have a pennant formation. Under the Pennant theory, they tend to continue the trend upwards.
I would say, watch the breakout levels. If you will see that the bottom support is holding, then we could see some more BULLS coming in. But if it will close below the support, there is a chance for the downside.
Keep an eye on the price action!
I would say, watch the breakout levels. If you will see that the bottom support is holding, then we could see some more BULLS coming in. But if it will close below the support, there is a chance for the downside.
Keep an eye on the price action!
Note
Lift off!!! =)Note
Now let's see if it closes above that green line...
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Disclaimer
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.