Bear pennant on the 1h chart - caution!
A bearish pennant has formed on the 1h chart. Given the fact that we are in a massiv downtrend I would consider this a bearish continuation pattern.
Let's hope this madness ends soon, and bulls utilise the freshly gained liquidity and push back up!
Cheers & trade safely! (I personally wouldn't recommend trading in this conditions, but it's good time for spot buying tbh)
Let's hope this madness ends soon, and bulls utilise the freshly gained liquidity and push back up!
Cheers & trade safely! (I personally wouldn't recommend trading in this conditions, but it's good time for spot buying tbh)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.