ilmscore | Prediction Details
"and I'll be using this same technique for penants as well you can see another break above a previous resistance level which is the first thing I'll be looking for using the rules that I've created for simple patterns is a break above a previous resistance level and then a pennant formation that broke out to the upside"
By The Trading Channel (The Trading Channel) | May 3, 2016 | Pending
From video
(Trading Tutorial ) How to trade using simple patterns 00:05:08 - 00:05:32
Interpreted Prediction
Pennant patterns will be traded similarly to flag patterns, requiring a break above a previous resistance level before the formation of the pennant, with a preference for upside breakouts.

Prediction Details

Topic
Pennant Pattern Trading

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.