Pennant in Nasdaq 100

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This pennant has a strong probability to generate a directional move, 15-20% in either direction. Wait for breakout and trade accordingly. Make sure to stay flexible and reverse the position if a headfake occurs.

Generally speaking, pennants usually continue the previous trend, and so a downwards breakout should be given a higher probability of occurring.
Not
Headfake?
Not
No headfake! Positioned long at 12000
breakoutChart PatternsheadfakenasdaqNASDAQ 100 CFDpatternpatternsPennantTechnical Analysis

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