I've seen this formation occur many times. If the pennant formation occurs, it will move at least the width of the pennant in the positive vertical direction.
I drew the green upward line to $64 as I think the H&S and ascending triangle could work together for that price point. Price is determined by the current height of the ascending triangle. Ascending triangles could go either way and aren't that reliable, the inverse H&S + ascending makes me think we go up. Daily: Hitting $30 would break a long term trend.
Partial rules for rising wedge: at least two reaction highs form the resistance and two reaction lows form the support Green prediction, we hit 15k and continue the rising wedge from '85 and have a harder drop in 10 years from now. (Doesn't seem likely with nearly every industry taking a huge hit) Red prediction, we have a long much needed correction but will...
Lower highs, not necessarily equal lows but lets see where it goes!
I have 20 years of stock trading experience... just kidding i'm new and don't know what i'm doing, or maybe I do.