Best of luck
Look for the price action once the trend line is broken. If its a strong break then i will be interested in going long on the pullback
For now i am just out and looking :)
Here they are:
1. Break of trend line - Doesn't this mean bears are still strong?
2. And if the trendline is broken doesn't that mean we are not in the trend anymore?
1) By break of the trendline, I was referring to the upward break. This break will mean that we will go up. On the otherside if we have a downward break then you are right.
2) This is a pennant formation, so break in any direction will give us the trend direction.