ETCPERP with a very nice bull pennant flag
Target in blue
Never trade without a stop and your stop should be under the lowest wick of the pennant for a low risk trade.
If you wanted to get a larger trade size with the same risk you could place it under the most recent wick inside the pennant. Obviously you have a greater chance of being stopped out.
Target is a measured move of the previous flag pole and comes in under extended fib -0.272.
Never trade without a stop and your stop should be under the lowest wick of the pennant for a low risk trade.
If you wanted to get a larger trade size with the same risk you could place it under the most recent wick inside the pennant. Obviously you have a greater chance of being stopped out.
Target is a measured move of the previous flag pole and comes in under extended fib -0.272.
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