Pennant are generally continuation Pattern. Sometimes, very rarely they work as inversion pattern The trading idea can be to sell at the current level and get out as per below two options: Option A - Bearish up to level 25.00 Option B - Bearish up to level 24.00
It looks like a Broadening Formation. This formation appears generally at the end of a Bullish Market (not very frequent for the current situation) This broadening formation can tell us that the market is out of control and it is too emotional due to the unusual public participation. Generally it is a bearing formation
I would not get in right now, I would wait for further development, but I can see two different "long" options. Let's see.
It might be a Reversal Pattern Head and Shoulders. Volumes do not confirm this pattern and it should be read as warning for us traders. Personally I would not invest in the GOLD Market. For a short term trading the market seems to be bullish.
It seems to be a sideway trend, so no very good for a long term investment Short term investment Price level might go down up to 110.0. Wait to understand if it will behave as a Descending Triangle. Personally, right now, I would not invest in CHF/JPY.
Copper Future - May 2020 - Opportunity to Buy in a bearish market (buy at 2.3265)
Possible Symmetrical triangle pattern in the bearish EURO/USD market. It there is no any reversal signal and if the symmetrical triangle pattern will be confirmed, the price level could go down to 1.065