PAPIJUGO

PAPIJUGO

Price action is consolidating within a triangular pattern following a sharp upwards move, which is common for a bullish pennant; the convergence of trendlines indicate reduced volatility before a potential breakout. Ideally, volume decreases during the consolidation phase and should spike significantly during a breakout. Making sure I watch closely to confirm the...

PAPIJUGO

rising wedge at the bottom of the channel, this pattern is often bearish with volume decreasing. If we get a spike in volume, look for bullish breakout. Here at the bottom of the channel, I'm more inclined to enter calls Friday