Agree, one thing that isn't correct is the pennant you drew @ the beginning 2012.
This isn't a pennant, this is the same phenomenon as we saw in may of this year.
The pennant could be drawn from 2011 but there is no chart on TV of the years before 2012 hehe...
BTC_Daily.Pips
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Thanks for the feedback. I am looking now, it didn't retrace like it did now almost 100% since may, maybe I haven't understood what you meant :">