1- as it can be seen, a bullish flag pattern gives signs of trend continuation as there is no divergence for now
2- if it doesn't respect the bullish flag the chances are that it will come down to the marked "support1" level which is a good opportunity for buying
3- quite rare but if it breaks the first support level and falls on the market "support 2" level then still look for a buying opportunity
4- in scenarios "2" & "3" place your SL below the support level
2- if it doesn't respect the bullish flag the chances are that it will come down to the marked "support1" level which is a good opportunity for buying
3- quite rare but if it breaks the first support level and falls on the market "support 2" level then still look for a buying opportunity
4- in scenarios "2" & "3" place your SL below the support level
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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.
Disclaimer
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.