I went to cash yesterday as this pennant formed. It's not however a textbook bearish pennant and knowing my luck, having made the decision to go to cash, the price will probably swing to the upside.
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The price popped above the descending line of resistance, but I'm not certain that we won't see it drop again in the next 8 hours.
i feel you on that buddy i have had a rough week myself constantly being on the wrong side of the trade. I also have very similar trend lines with my support line being broken so do believe short is the most likely outcome. Keep your head up!
matt8932
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@Playj, thanks for the support. I'm about to go to sleep... wondering what I'll wake up to!