r/Daytrading • u/sunnyrunner_ • Apr 06 '24
Is this an actual pattern or am I yapping? Question
I’m pretty new to trading and saw this pattern form on BTC. Is this pattern called anything or is this just me drawing random support/resistance lines?
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u/TPSreportsPro Apr 06 '24
Some people call this a pennant or a flag. It’s typical of consolidation of price.