Multiple bull flags that played out;
Last one is kind of a strange bull flag that people might contest, but i think that it is still valid;
The bearish part of it seems to be a bearish rising wedge, but its not nearing the squeezed portion yet.
I will be watching this and may take a long trade on this.
Last one is kind of a strange bull flag that people might contest, but i think that it is still valid;
The bearish part of it seems to be a bearish rising wedge, but its not nearing the squeezed portion yet.
I will be watching this and may take a long trade on this.
Trade closed: target reached
Respected the bull flag, got a major rise; It should consolidate down a bit; in which case it would be new bull flag;
However, if it consolidates and ossilates for too long, then it means we are in a new channel. Steeper upward channel.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.