Just came across very similar chart patterns. Wondering if there is a term I can call it? Fallen Wedge, Bullflag?
Doesn't show for me too...you must be linking to the image instead of copying the image and then pasting it to your message post. I only say that because some websites will not be allowed to show their images or videos here in Québec. In fact, I have the same problem with a lot of videos that others post from Youtube. wrbtrader
It is called - ranging in small band pattern - price - going - nowhere pattern - price not going up, and not going down pattern or - choppy untrendy pattern
CCC - congestion, convergence & centering on the faster timeframe. On the slower timeframe, most likely an Outside Bar paired with an Inside bar. Next event is a Breakout which either succeeds or fails depending on volume.
I'd call it consolidation. For me if the flag or pennant extends in time as far to the right as the height of the "flag-pole", its not a valid bullish continuation pattern.
%% Chop slop trend.40 days is not even enough data to used a 50dma...... And Merry Christmas/never stop a chart on Christmas if you can help it. Frankly its an'' underperformer '' for a long time compared to SPY/QQQ/20 + year charts Another name for that, in 2019= ''penny stock''................................................................................................................