BTC H4 Bull Pennant Forming

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BTC/USD on the H4 chart is currently forming a bull pennant between a descending resistance and a horizontal support. The stochastic RSI is ready to swing back after a little more pullback.
Targets for the trade are the 2.236 and the 2.618 extensions of the previous high swing low. Targets marked with white horizontal lines.

Not financial advice.

Do your own DD.

Thanks for viewing the idea.

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ملاحظة

retracement is going deeper than anticipated.