But my pennant!!!!!
A reminder that technical analysis is merely a risk management tool, not a crystal ball.
The beauty of it? You had an easy stop loss and invalidation right below that upper "support" and lost next to nothing by playing the retest.
Either way, this classical, validated pattern failed, like many before it. Now we are effectively just looking at sideways price action again in this range.
A reminder that technical analysis is merely a risk management tool, not a crystal ball.
The beauty of it? You had an easy stop loss and invalidation right below that upper "support" and lost next to nothing by playing the retest.
Either way, this classical, validated pattern failed, like many before it. Now we are effectively just looking at sideways price action again in this range.
scott.melker@texaswestcapital.com