Pennant is formed in the 15 minute graph after a strong uptrend
Expecting price to shoot up soon, I'm going long @1.20000 in the 38.2% zone
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In similar time intervals we see some oscillator Divergence on our side ^^
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Here we see what happened in similar conditions and the resistance buyers find in that 61.8 fib level.
In that June ending pennant there were oversold conditions though and that's why i think this week's consolidation is leading to a breakout going the other way
In that June ending pennant there were oversold conditions though and that's why i think this week's consolidation is leading to a breakout going the other way