OMG. Falling pennant, decreasing wedge...How many other terms can we come up with a pattern break incoming. Heheh! Well, I just realized this thread is in the TA section and I so hate TA. So I shall bail on the thread. I have to remember to click the new posts thingy up top, not these bits. :-(
NO the breakout hasn't happened yet. This is the last time that I am posting this. The PA didn't fall below the border of the pennant. It dipped below the lower border towards the "tip" of the pennant, yes but it still closed inside of the pennant so that does not count as a fail. I now see where you are confused. You think any time the price dropped below the border of the pennant as a fail, no, the price has to close below the border of the pennant to be considered as a fail, at least to me. That was just a dip. Your stop-loss is too tight. Since the price still closed inside of the pennant, the breakout hasn't happened yet. The price has to close above the top border of the pennant to be considered a breakout. And then the top border of the pennant should serve as a support then on in if that was a legit breakout. Be patient!!!
No just two, bullish pennant and falling pennant. It's a pennant because it has a flagpole on the side.
The pole is the PAST. We need the FUTURE. Oy! I think that is why I don't engage with you. You are a stock whore or something. The Pole means NOTHING. Come on over the the futures, the water is warm. Mmmm.
This is how to draw. as mentioned earlier, there is no bullish pennant. and as mentioned earlier, this is absolutely NO breakout. why the rectangle is sooo wide / tall ? because it has been known to be very wide / tall. the lower horizontal rectangle line / support is not definite. similarly the upper horizontal rectangle line / resistance is not definite. Then how to trade such stocks? see my earlier posting.
%% ZIM has a topping tail\named because we can see people selling it\ taking profits + losses '[looks like a ''T'' except invert the ''T'' WITH 343% profit, ZIM= superstong trend/ but still some are taking profits............................................................................... Some do daytrade it/its much, weaker than ZIM/ 7 times weaker. Congrats on 4% profit
It's sad you don't know what a silver pin is. Guess the good stuff is just hidden like this you tube video.
It's sad that instead of helping people you just want to insult and bully them. Yes, I'm a beginner. I've read a couple of books. I'm already profitable, but I still make mistakes and there's still a lot I don't know. That's the reason I posted this questsion. I want to learn. But instead of being helpful most people here seem to have a sick desire to make fun of others and ridicule them.
I am not sure if you are interested to learn. I have already spent my time responding to your queries.