Here is an educational idea. Please do not consider this as a trade idea unless you consider market sentiment and fundamentals that go along with this technical analysis. Trading solely on technical analysis (such as this trade pattern) can turn out to be costly.
We're all here on TV for the same reason, to become better traders and to make money. I came across this tip not too long ago and found that it really helped me read the price action better within pennants, so I wanted to share it with the community.
Pennants form after a strong movement in price (either up or down) where the price bounces back in forth in a...