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Just starting to get in to TA and looking at CSL chart and am...

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    lightbulb Created with Sketch. 9
    Just starting to get in to TA and looking at CSL chart and am after some help from a more experienced TAer.

    I am probably completely wrong but has the period between 24 Mar and 9th April formed a bearish pennant? And if it has do you then calculate what the down move would be after a breakout of the pennat from the previous share top on Feb 26 ($38.26 close) and the pennant start on 24 Mar ($30.30 close) giving an $8 target drop from the breakout point which looks to be about now around 31.70?

    Do not have access to post a chart here unfortunately otherwise would.

    Any help appreciated as I am not yet out of nappies when it comes to TA :)
 
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