- Volume getting smaller as price getting lower (profit taking sign).
- Volume getting smaller as pennant width getting shallower.
- Broke out pennant with volume increased.
- Retracement could be counted as completed (retraced at around 61.8% fibo) and rebound would be continued.
- Current price above EMA 9,20,50,200.
R1: 0.42
R2: 0.46
R3: 0.51
S: 0.33
- Volume getting smaller as pennant width getting shallower.
- Broke out pennant with volume increased.
- Retracement could be counted as completed (retraced at around 61.8% fibo) and rebound would be continued.
- Current price above EMA 9,20,50,200.
R1: 0.42
R2: 0.46
R3: 0.51
S: 0.33