Right in the middle of this short frame range, pennants are one of the least reliable patterns, with supply and demand battling in a symmetrical format. Each play, bull or bear, relies on a break and back-test of the triangle for max RR. Being aware of the dual resistance above.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.