When drawing your wedge (pennant flag), notice it points literally to a resistance price.
This is where I would put a limit sell order. Watched tightly.
This is where I would put a limit sell order. Watched tightly.
Comment:
Or of course when the stock has a catalyst and is blowing past this line. You then wait for the price to come back to this line and buy at support.
Comment:
missed the wick. It did catch the next leg down centerline resistance though.
Trade closed: target reached:
Nov 7 a wick reached it.