(34,5,3) is seeing major resistance below 99%.
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The pennant pattern is identical to the flag pattern in its setup and implications; the only difference is that the consolidation phase of a pennant pattern is characterized by converging trendlines rather than parallel trendlines.
6 of 8 pennant patterns always follow the trend formation, lower highs suggest, higher price.
Right or wrong does not matter, as long as the individual(s)l conducting the analysis did not incur loses.
Considering 48% retracement: my thoughts .. institutional positions increase.
Please continue to share charts. If everyone got it right all the time, there'd be no point in day trading.