There is 1 breakaway gap and 1 gap down following the breakaway gap. So one can take shorts profits slowly (2 separate batches) on such a technical structure.
Partial Shorts Profits are now taken following breakdown of the Bearish Pennant,
i.e. taking shorts profits following a technical breakdown. Closed the February-expiry and March-expiry contracts.
Refer to USD Analysis for implications on commodities and crude oil:
Below are the profits converted into (SD) Singapore Dollar (SGD).
S$ 39,716 + S$ 99,873
= + S$ 139,589 SGD