BULLISH PENNANT
Trade entry: the pattern is traded after price action breaks the pennant's upper border
Take profit: identified by measuring the pennant's pole, which is the vertical distance between points (1 - 2), that measurement is then applied from the breakout point.
Stop loss: the pennant's lowest low
Trade entry: the pattern is traded after price action breaks the pennant's upper border
Take profit: identified by measuring the pennant's pole, which is the vertical distance between points (1 - 2), that measurement is then applied from the breakout point.
Stop loss: the pennant's lowest low
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