Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 8 200MA ascending 250RSI above 50 Cons: PPS could want to go back down to fill gaps.
hey! do you still have the price target at 13.21 given it broken below the pendant?
LeLaf
⋅
@niceMeerkat24337, It is still within the red zone. Price action bounced off the bottom line of the red zone. It's your choice now to stay in or leave the trade.
@LeLaf, Do you hold your PT of $13? Or is this headed downwards.. to fill the gap (which it did )
LeLaf
⋅
@niceMeerkat24337, Well, it was a Con. On top of that, that markets are red. The pennant probably failed. We will have to wait and see what the next move is.
niceMeerkat24337
⋅
@LeLaf, unfortunate ...hopefully it reaches 6.50 again
niceMeerkat24337
⋅
This is the gap you mentioned i am assuming. Or is the gap more around $5.77?