Lowtrade, take a look at your chart but add Bollinger bands. They are contracting this time. Also noticed the previous 2 pennants the pole began way outside the bottom band. Maybe that may make the difference in the formation playing out this time.
Lowtrade Aroon(3)green line is all the way down and red line looks like it will go up. That means PPS most likely will go down not up. When you look at any spike up in PPS green line needs to got up not down and vice versa for red. To me that looks like continuation of downtrend unless of course it reverses. IMO.
Lowtrade i interpreted your chart interpretation diffrently so if so then sorry but it was because you circled green aroon going down and red staying same and also pennant forming and going to $1.95 so looking at those 2 pices of info I would think that pennant might not form. Isn't that called a fake pennant ? BTW lowtrade thanks for posting charts and spending time drawing them.
Market Data 
Markets 
AI
