The expected reaction following the initial impulsive thrust down to the first target (the flagpole) has taken the form of a bearish pennant continuation pattern with the next sell signal on KEYS to come on an impulsive break down below the pennant. Note how perfectly the measured target (i.e.- length of the flagpole added to the top of the pennant, should it break down soon) lines up with my 2nd & final price target. Previous & updated daily charts for the KEYS (Keysight Technologies Inc) Active Short Trade below:
As always, click on the symbol tag (KEYS) at the bottom of the post to review the previous charts & notes, including the suggested stop & beta-adjusted position size on this trade. As KEYS would offer another objective short entry or add-on to an existing position, should price break down below the bearish pennant while the pattern is still intact (or a move below the March 23rd reaction low), KEYS is still categorized as both an Active Short Trade as well as a Short Trade Setup at this time (in addition to a Completed Trade, having already reached the first price target).