ETH USD has seen a long consolidation for almost about 6 months after taking out the resting supply side liquidity after hitting the ATH of 4800.
This supply side liquidity created a new low as of April, 2024 @ 2813 and has not been able to break this area of demand creating a long range consolidation.
Price usually breaks out after long consolidation in...
A pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. (Source: Investopedia)
NYSE:SCHW ...
I am a price action trader. However, I am training my eyes to look for other patterns. This might be the first time I noticed a cup and handle pattern on my own. So I did a bit of research to understand it. I do have a couple of questions for experienced community members (Please see at the end).
A basic requirement for this pattern (or for any kind of...
