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pennantpattern
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๐จ $BR PENNANT COMPRESSION SETS THE STAGE FOR A BREAKDOWN? ๐ป
Entry: Breakdown below 0.2093 trendline โก
Target: 0.1700 ๐ฅ
๐ The symmetrical triangle has squeezed the range into a tight coil around 0.2093, and that's when the market chooses its next victim. After that impulsive push upward, the engine is sputtering โ momentum is decelerating at resistance, and buyers are losing their grip. ๐
๐ The script is clear: a breakdown below the lower trendline opens the floodgates toward the 0.1700 - 0.1690 demand shelf. That's where the liquidity sits, and you know how the market loves to sweep those stops before deciding the next move. โก
๐ฌ Are you positioning for the breakdown early, or waiting for the sweep to confirm before you commit? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BR #Breakdown #PennantPattern #Crypto
๐ป ๐ฏ
๐จ $BR PENNANT COMPRESSION SETS THE STAGE FOR A BREAKDOWN? ๐ป
Entry: Breakdown below 0.2093 trendline โก
Target: 0.1700 ๐ฅ
๐ The symmetrical triangle has squeezed the range into a tight coil around 0.2093, and that's when the market chooses its next victim. After that impulsive push upward, the engine is sputtering โ momentum is decelerating at resistance, and buyers are losing their grip. ๐
๐ The script is clear: a breakdown below the lower trendline opens the floodgates toward the 0.1700 - 0.1690 demand shelf. That's where the liquidity sits, and you know how the market loves to sweep those stops before deciding the next move. โก
๐ฌ Are you positioning for the breakdown early, or waiting for the sweep to confirm before you commit? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BR #Breakdown #PennantPattern #Crypto
๐ป ๐ฏ
Entry: Breakdown below 0.2093 trendline โก
Target: 0.1700 ๐ฅ
๐ The symmetrical triangle has squeezed the range into a tight coil around 0.2093, and that's when the market chooses its next victim. After that impulsive push upward, the engine is sputtering โ momentum is decelerating at resistance, and buyers are losing their grip. ๐
๐ The script is clear: a breakdown below the lower trendline opens the floodgates toward the 0.1700 - 0.1690 demand shelf. That's where the liquidity sits, and you know how the market loves to sweep those stops before deciding the next move. โก
๐ฌ Are you positioning for the breakdown early, or waiting for the sweep to confirm before you commit? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BR #Breakdown #PennantPattern #Crypto
๐ป ๐ฏ
86
ยท
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Article
CHART PATTERNS: BULLISH PENNANT and BEARISH PENNANTPennants are continuation patterns that are extremely similar to flags, but with a crucial difference in their geometry. They occur after an explosive price movement and represent a very quick, triangular consolidation before the original trend resumes.
Structure of a Pennant
Just like the flag, the pennant is divided into:
The Pole: A strong vertical movement (bullish or bearish) with high trading volume.
CHART PATTERNS: BULLISH PENNANT and BEARISH PENNANT
Pennants are continuation patterns that are extremely similar to flags, but with a crucial difference in their geometry. They occur after an explosive price movement and represent a very quick, triangular consolidation before the original trend resumes.
Structure of a Pennant
Just like the flag, the pennant is divided into:
The Pole: A strong vertical movement (bullish or bearish) with high trading volume.
Structure of a Pennant
Just like the flag, the pennant is divided into:
The Pole: A strong vertical movement (bullish or bearish) with high trading volume.
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