Now it’s your turn. At this point of the course we have set a task to reinforce what we’ve shown you. This task will require you to use your broker’s charting package to carry out the exercise.
Goal: To identify pennants and flags, along with its trade set up.
Exercise: This one is a simple one. On any chart, in any timeframe, look back and identify a flag or a pennant. Identify the flagpole and profit target.
Difficulty: 2/3
Time to complete: 10 minutes
Solution….don’t press play until you’ve done your bit: