Yeah it's a hard one, I have that on my chart too. It depends if you take Wedneday 28th as a change of trend, if that is the case, it's a bullish pennant. If not, then it's a bearish pennant. Funny part is we won't know till it breaks haha. The positive is, if it does break out upwards, I think we can probably take it as a confirmation of an actual change in trend. Thoughts?
I think the fact that the current low is not part of the pennant leans more towards it being bullish IMO. Would be great if some of the experienced guys could comment.
IMUGENE CHART. TA only, page-24297
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33 | 4297134 | 0.047 |
47 | 3841303 | 0.046 |
53 | 6064000 | 0.045 |
11 | 2329545 | 0.044 |
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