A pennant can be seen on the current market structure. Not disregarding fundamentals, a breakout in a direction gives a minor swing to trade to either the previous supply or demand zone. Take a calculated risk to either directional trading bias after a breakout.
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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.
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.