[ IOTA intra ] bullish pennant or just a wedge?
Updated
Another nice bullish pennant / wedge forming in 
IOTUSD this time i learn from my mistakes and put the stops at reasonable positions. lacking any usefull targets on the upsides i took the fibo as fallback which also matches nicely with the downside target.
IOTUSD this time i learn from my mistakes and put the stops at reasonable positions. lacking any usefull targets on the upsides i took the fibo as fallback which also matches nicely with the downside target.Trade active
Comment
first push went exactly down to 0.5 and bounced there. but the direction stays bearish. Time to trail the stop a bit to 0.312.Trade closed: stop reached
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