Douglas - pennants are bullish if they forms in
uptrends, however that said, the upper trendline I drew
was loosely drawn from the top, and not really the proper
way to draw it. the proper way to draw would be like this 1
min chart, and this could go either way - respect a break in either
direction
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
is that bullish or bearish?
5 min SPX
Posted by douglas51 on 22nd of May 2012 at 02:34 pm
is that bullish or bearish?
Douglas - pennants are bullish if they forms
Posted by matt on 22nd of May 2012 at 02:45 pm
Douglas - pennants are bullish if they forms in uptrends, however that said, the upper trendline I drew was loosely drawn from the top, and not really the proper way to draw it. the proper way to draw would be like this 1 min chart, and this could go either way - respect a break in either direction