1) On daily we have a V pattern that was broken upward , the price reached the first target (resistence 1 ) .
2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more
likely to see a move to 2nd Target (resistance2) .
3) Wait for the price to break the pennant upward before going long .
4) If we have a break bellow , wait for the price to pullback with the same height of the pennant before executing a long position .
5) Keep you risk small , there is plenty of opportunities out there but the most iportant thing is to stay alive . Good luck !
2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more
likely to see a move to 2nd Target (resistance2) .
3) Wait for the price to break the pennant upward before going long .
4) If we have a break bellow , wait for the price to pullback with the same height of the pennant before executing a long position .
5) Keep you risk small , there is plenty of opportunities out there but the most iportant thing is to stay alive . Good luck !
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