I have two senario's in mind:
Lets start with the little bit less bullish one (Purple path)
First we hit the 15m supply zone. the supply zone acts as a resistance. Witch causes us to dump en go a little bit out the pennant to get liquidity. Following by a push upwards and make a support resistance flip of the bottom trendline. then finally followed by a bullish breakout of the pennant.
Second senario (blue path),
Lets start with the little bit less bullish one (Purple path)
First we hit the 15m supply zone. the supply zone acts as a resistance. Witch causes us to dump en go a little bit out the pennant to get liquidity. Following by a push upwards and make a support resistance flip of the bottom trendline. then finally followed by a bullish breakout of the pennant.
Second senario (blue path),
Commentaire:
As expectated we broke out and hit the first resistance!