I expect the pennant to break very soon. These types of structures break sharply and it's easy to miss these trades so keep an eye, thank you for your support.
Could be wrong but I disagree.. Look at WTI/brent chart. Also USO/CVX. Nice long cup and handle formation... Again I could be wrong but I'm long at these levels. Keep in mind this pennant is micro, not macro
abel11
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@peltouny, can you post your analysis here please?
peltouny
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@abel11, not great at publishing but its in my profile. i can email you my full in-depth opinion (based off technicals) if you'd like as well
@plancton0618, @abel11, @peltouny, I think @abel11, was just polite to say "thank you for stopping by" although he knows this idea was wrong and there was nothing accurate about it. @peltouny, was right. I am always honest in my opinion to others whether they like it or not, but better to be honest than being fake. You @plancton0618, I have noticed everywhere you go you always post positive comments no matter whether the idea was right or wrong. I'm afraid that is not helpful for the evolution of humanity, there has to be some criticism to stimulate the other party to improve or try to improve, else if we all say: "Well done." "Great chart", "Amazing"...blah blah blah that isn't going to push others to seek new highs as they'll be thinking they're doing great. So, please @plancton0618, be honest, and if an idea is wrong or you disagree with it, just say it. I am sure @abel11, won't be offended, we're not small children here to play games, we're all here to learn from each other whether that will be in the form of a chart or a few words, I am sure we're contributing to each other one way or another. Thank you.
wolffarchitecture
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I show it rising slightly then dropping to 44.5 ,....then continue trend upward
abel11
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@wolffarchitecture, yes that's what i think too, what method of analysis do you use?