$DGB Bull Flag, not Pennant

25 июл. 2018 г.

Yesterday I mistaking called a Bull Pennant. DGB corrected me by dropping through my pennant. Upon further reflection it better fits a bull pennant. Still looking for a significant bounce with this action. Looking forward to watching this develop over the next few days.

26 июл. 2018 г.

Заметка

DGB broke down below the formed pennant. There's a horizontal support there around 490 as outlined below. This should give a good bounce point and will re-evaluate. If it breaks below that horizontal its time to exit the trade.

If we bounce I still think this has a good chance at a significant return.