NFA
A clear bullish pennant with a price target at the 1.618 Fib level.
Target confirmed by measuring the flagpole from top to bottom.
Currently touching the lower bollinger bands.
Price action is above 20/50/200 moving averages.
MACD is currently BEARISH, but check for a bullish crossover toward the end of the pennant. This will increase probability of a bullish breakout.
RSI is moving down but there is no divergence. Keep an eye on the movement toward the end of the pennant as well.
Might use fib levels as stoploss. Use your own judgement and risk tolerance. NFA
A clear bullish pennant with a price target at the 1.618 Fib level.
Target confirmed by measuring the flagpole from top to bottom.
Currently touching the lower bollinger bands.
Price action is above 20/50/200 moving averages.
MACD is currently BEARISH, but check for a bullish crossover toward the end of the pennant. This will increase probability of a bullish breakout.
RSI is moving down but there is no divergence. Keep an eye on the movement toward the end of the pennant as well.
Might use fib levels as stoploss. Use your own judgement and risk tolerance. NFA