i'm looking for a small continuation to the down side then back up from here.
also forward for the market to respect the bullish trend but anything else is also possible
red horizontals are daily support and resistance
green horizontals ate 4hr support and resistance
Yellow horizontals are 1hr support and resistance
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...
