HCC : Bullish Pennant : 32% Up side Potential 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 GUIDELINES
1. The Shape of The Bullish Pennants- Price bounded by two converging trendlines. Typically, in an uptrend the top of a bul
Long
