“ bullish pennant. It resembles a small symmetrical triangle but usually lasts no longer than three weeks. Volume should be light during its formation. The move after the pennant is completed should duplicate the size of the move preceding it.”
Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/b...-markets/id623384304
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Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/b...-markets/id623384304
USDMXN