In my opinion, the Pennant pattern is not clear yet, because it has only touched the support level once, if it bounces off the violet line and tries again to break the resistance, the target price of the pennant is $ 1,500 from the flagpole.
The Pennant has,
Minimum of 1-4 weeks to break out and,
Maximum of 8-12 weeks to break out.
When it does not support the violet line, the potential reversal zone is at 78.6% of XA and the D leg is at 113% - 161.8% of BC. (violet box).
Target Price on long position is 38.2% and 61.8% of AD.
Even so you should see the clear break out.
*LAST TRACK
The Pennant has,
Minimum of 1-4 weeks to break out and,
Maximum of 8-12 weeks to break out.
When it does not support the violet line, the potential reversal zone is at 78.6% of XA and the D leg is at 113% - 161.8% of BC. (violet box).
Target Price on long position is 38.2% and 61.8% of AD.
Even so you should see the clear break out.
*LAST TRACK
노트
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George TanI will update here if my analysis was wrong or correct.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.