Highlights: - Price on daily chart formed the pennant pattern - Momentum is strengthening indicates a bullish bias - Wait for price to breakout for a trade setup - Be aware of the Support & Resistance level after the breakout
Market Trend: - Consolidating in the pennant pattern
Momentum: Bullish momentum on Daily chart
Opinion: - Long if price break to the upside and Short if price break to the downside - When the price breaking out of the pennant pattern, it needs to get through the support/resistance for further movement