Pennant formation in AXS

* AXS in 4H time frame forms a Pennant pattern, it is similar to Symmetrical triangle, depend on the trend it is considered to be either bullish or bearish.
* The Pennant occurs when the price moves between two trend line with broad opening and narrow ending sloping towards each other. Here the upper trend-line is resistance for the price and the lower trend-line works as the support.
* If the price breaks either of the trend-line we can expect a good move till the given levels.

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