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Day trading course – Pennant

 

Day trading course – Pennant
7 24 2012 300x214 Day trading course   Pennant day trading course 2

Day trading course l 866-640-3737 l learn how to daytrade l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

A pennant has formed signifying congestion while there’s consolidation.We’ll see the pattern completed when the price breaks outside of the converging lines.

If it proves to be a strong bear trend, sellers will pressure to break outside of the pennant on the downside at the lower trendline for a continuation to the first target at 1341.75. The next target levels are 1340.75, 1337 and the outer target of 1332.25.

If buyers come in there is a target which is a strong support/resistance level at 1345. The next targets are 1347.75, 1350.25, 1352, 1354 and then on up to the 200SMA at the 1356.75 area.

Trade What You See

 Day trading course   Pennant day trading course 2

Post By Gigi (77 Posts)

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