SUN: what time is it?

Looks like SUN is almost done consolidating as we see the area where the price move is becoming narrow. Currently we have a Doji candlestick that may end the consolidation but as to where it will go from here, we don’t know yet. Doji and triangle are indications that we are in a situation where traders are in an indecisive mood. There could be a breakout or break down from the formation but it will only be confirmed once its there. The break will be accompanied by big volume.

Caveat!

2 Responses to SUN: what time is it?

  1. […] is almost done consolidating as we see the area where the price move is becoming narrow. Caveat! SUN: what time is it? Reply With […]

  2. Israel Formales says:

    Newbie question: I just read about Bullish Pennants. Doesn't this show that? TIA!

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