The Pennant Pattern

As a longterm trader I know we can have weeks like these. They’re shakeout weeks. The banks see danger in the chart and manipulate it away from a zone. Buyers try and regain control but eventually lose. These movements trigger and confuse retails traders to leave and re-enter the market trying to guess the movements and consequently LOSE money.  You will not get rich trading this way.

Pennant Week - Shakeout 2

Leave a Reply

Your email address will not be published. Required fields are marked *