Bullish pennant ready to break up
There's a bullish pennant that's ready to complete on the daily. There are some nice bullish confluences:
It could also just go the other way ¯\_( $ )_/¯.
- Strong weekly ascending channel
- 50 EMA is above the 200 and the 50 has been acting as support
- No bearish divergence on the ultimate oscillator
- Looks like the monthly pivot is being tested for support
- I'd like to see a bullish T/K cross with Ichimoku as added confirmation
It could also just go the other way ¯\_( $ )_/¯.
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