Sorry just saw this reply after I posted mine, you're right, but not taking into account the possibility of Wednesday 28th being the trend change (which is a high possibility given the news).
The main difference between IMU and the examples shown on the net, is that all bearish pennant examples always include (or "start from") the current low in the pattern, while the bullish pennant always "starts from" the current high. IMU's pennant has started from the high which is why I'm leaning towards it being a bullish pennant and hence a trend change on Wednesday 28th.
"Typical" pennant examples:
IMU 1hr Chart:
IMUGENE CHART. TA only, page-24298
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