Bullish pennant ready to break up

2018年3月23日

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 ¯\_( $ )_/¯.