bullish pennant

joshbayelyyの投稿
as you can see from the 4 hour chart we have a bullish pennant that has formed and broke out nicely, this is a clear indicator that the it is more than likely going to go up, the size of the next move is going to be approximately the height of the formation, Usually, the height of the earlier move (also known as the mast) is used to estimate the size of the breakout move.

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