Bulls getting strong!
Hello guys!
1.Here we can see clearly a bullish pennant, bullish pennant is a continuation pattern that can be found on all charts. The bull pennant pattern is a short term continuation pattern, it has a small consolidation period before resuming it's move up.
2.A breakout is occuring, wait for a retest of trendline which again aligns with the .382 fibonacci retracement but, beware, wait for candlestick exhaustion at this .382 level, wait for a entry signal and go long. If the .382 level holds we can see a strong run at 10,700-10,800.
1.Here we can see clearly a bullish pennant, bullish pennant is a continuation pattern that can be found on all charts. The bull pennant pattern is a short term continuation pattern, it has a small consolidation period before resuming it's move up.
2.A breakout is occuring, wait for a retest of trendline which again aligns with the .382 fibonacci retracement but, beware, wait for candlestick exhaustion at this .382 level, wait for a entry signal and go long. If the .382 level holds we can see a strong run at 10,700-10,800.
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