This doesn't show up as clearly on the 4-hour chart, but you can see the up-down price action that is typical of a classic pennant pattern. The most recent highs set the top-line resistance, and the trending support from the lows of last week form the bottom channel. They're getting close to meeting at the right side of the channel, which should hopefully result in a move upward.
LoL, easy call for me as I just got up 8 am est. looks like retest of 210. Wait and see. I noticed reply saying this view usually breaks lower, looks like correct. I'll keep that in mind and check future charts for results. Nice chart by the way. Good day
veilkrand
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Ascending pennants usually ends in down trends as market can't beat the resistance for several waves