Ignore the news... Bullish Pennant playing out.
In short, buy the dip.. we have found support on weekly RSI.
The market FUD is just playing into the hands of technical structure of the market..
Show me the charts and I'll tell you the news...
Look up bullish pennant continuation patterns... Likely consolidate longer before breakout later this year...
The market FUD is just playing into the hands of technical structure of the market..
Show me the charts and I'll tell you the news...
Look up bullish pennant continuation patterns... Likely consolidate longer before breakout later this year...
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Price dumped further
Before recovering .. but never reached my targets
Lessons learned here is that pennants, are not reliable on their own. Nor is relying on RSI Support.