Bullish pennant ready to break up

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There's a bullish pennant that's ready to complete on the daily. There are some nice bullish confluences:

  • Strong weekly ascending channel
  • 50 EMA is above the 200 and the 50 has been acting as support
  • No bearish divergence on the ultimate oscillator
  • Looks like the monthly pivot is being tested for support
  • I'd like to see a bullish T/K cross with Ichimoku as added confirmation


It could also just go the other way ¯\_( $ )_/¯.

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