coming to the end of a daily wedge, following a head and shoulders, about to create right shoulder of inverted h&s.
waiting for pullback/retest to enter long.
BOUNCED OFF DAILY TREND LINE ABOVE, THEN BROKE HOURLY PENNANT FORMATION TO THE DOWNSIDE SHOULD SEND THIS PAIR TO THE SOUTH. RETRACEMENT IS ALWAYS LIKELY, BUT THIS PAIR HAS BEEN LOOKING TO BREAK OUT FOR A WHILE. SHORT POSITION SHOULD BE ABLE TO WITHSTAND RETRACEMENT BACK TO LOWER TRENDLINE.
I'M NOT AN ADVISOR. THIS IS NOT INVESTMENT ADVICE. TRADING HAS...