As I mentioned earlier, the upward move was on very low volume so the price can still climb down. Still waiting for a volume backed move in either direction..
My Pennant now seems to look more like a bear flag now.
I am new to trading and wanted to share an idea with the community and the experts to see what you all think about it? Looks like there is a bearish Pennant forming with a potential downside breakout towards 2900. Of course, if there is a significant moves above 3500 this will not hold. I am expecting a huge volume based downwards breakout. Though I think it might...
