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Prophet12

08/01/14 4:24 PM

#13925 RE: northpeak #13919

Yes a pennant. It's a very reliable continuation pattern that often proceeds another rally
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Prophet12

08/01/14 4:25 PM

#13927 RE: northpeak #13919

Once we see a ~5-10% breach of the upper trendline it'll be safe to say another rally is taking place
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StockRam

08/02/14 10:54 AM

#13963 RE: northpeak #13919

Looks like the making of a high tight flag


No tapering as you would see in a pendant, at least not yet. Very bullish signal on any level right now.