Small Rising wedge that developed longer than 3 weeks ago. A RW time frame for forming is 3 weeks or more, otherwise it is a pennant
PENN has dipped down and out of the RW. Perhaps a done deal?
Be safe
Not a recommendation
PENN has dipped down and out of the RW. Perhaps a done deal?
Be safe
Not a recommendation
Note
Looking back is always easier..lol..2 months later I can see that PENN pulled back quite a bit from the bearish rising wedge
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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.