Pennant Pattern

This doesn't show up as clearly on the 4-hour chart, but you can see the up-down price action that is typical of a classic pennant pattern. The most recent highs set the top-line resistance, and the trending support from the lows of last week form the bottom channel. They're getting close to meeting at the right side of the channel, which should hopefully result in a move upward.
Chart PatternsPennantTrend Analysis

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