Hi traders.
An Upward Pennant occurs in a downtrend as a triangle inclined upward, wich Is a BEARISH pattern.
On this price action, the price goes retest the major resistance above 49300.
The short position Is still validated.
Thanks for yours attention.
An Upward Pennant occurs in a downtrend as a triangle inclined upward, wich Is a BEARISH pattern.
On this price action, the price goes retest the major resistance above 49300.
The short position Is still validated.
Thanks for yours attention.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.