Careful - A pennant flag is nearly finished

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Usually a pennant flag is a continuation pattern meaning here we should see more buyers. Alas, this one looks a bit weak to me.

If it fails I expect another zigzag pattern (Wave W=Y) just like we had from the previous high.
If it breaks out upwards then we can use wave X as the projection for the next rally.
Better to wait this one out and see where the pennant flag will be break.

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ملاحظة

Well there's your answer. Next rally towards resistance I will look for shorts.

١٨ نوفمبر ٢٠٢٠

تم فتح الصفقة

Taking some shorts

١٨ نوفمبر ٢٠٢٠

ملاحظة

Looking for an exit on Thursday and will try to short another rally later on.

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تم إغلاق الصفقة يدويًا

Shorts out on profit.