HCC Entry 15.15 | Stop 13.95 | Target 20
8% Risk | 32% Reward
1: 4 RR
Continuation Pattern
Bullish Pennant
Price highs move slightly lower and price lows move slightly higher. Drawing a trend line connecting price highs and then another connecting price lows form two converging lines which are an identifying feature of the pennant.
IDENTIFICATION ...
peannant pattern:
-breakout on either side can determine who is in control,upper side for bulls and lower side for bears.
-it still seems bullish, confirmation will be given on the breakout.
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