Bullish Continuation from a Bull Flag Pattern + Break of Structure
Bull Flag Pattern Formed
After a strong impulsive bullish move, the price forms a consolidation channel (flag), sloping slightly downward.
This is a classic bull flag pattern, indicating bullish continuation.
Break of Structure (BOS) Confirmed
The price broke above the flag, showing a BOS (Break of Structure) to the upside.
This confirms a potential continuation of the uptrend.
Fibonacci Confluence
Price retraced to the 61.8–78.6% Fibonacci zone (golden zone), which often acts as a strong reversal area in trending markets.
This gives a good risk-to-reward (R:R) opportunity.
Higher Highs and Higher Lows (Market Structure)
The market is forming HHs (Higher Highs) and HLs (Higher Lows) – typical of a healthy uptrend.
Demand Zones Below
Several demand zones (blue boxes) support price if it retraces.
The strong low marked adds structure-based support beneath the trade entry.
Risk-to-Reward (R:R) Setup
You’ve set a tight stop loss below structure and a larger take profit aiming at the -61.8% and 100% Fib extensions – a favorable R:R ratio
Bull Flag Pattern Formed
After a strong impulsive bullish move, the price forms a consolidation channel (flag), sloping slightly downward.
This is a classic bull flag pattern, indicating bullish continuation.
Break of Structure (BOS) Confirmed
The price broke above the flag, showing a BOS (Break of Structure) to the upside.
This confirms a potential continuation of the uptrend.
Fibonacci Confluence
Price retraced to the 61.8–78.6% Fibonacci zone (golden zone), which often acts as a strong reversal area in trending markets.
This gives a good risk-to-reward (R:R) opportunity.
Higher Highs and Higher Lows (Market Structure)
The market is forming HHs (Higher Highs) and HLs (Higher Lows) – typical of a healthy uptrend.
Demand Zones Below
Several demand zones (blue boxes) support price if it retraces.
The strong low marked adds structure-based support beneath the trade entry.
Risk-to-Reward (R:R) Setup
You’ve set a tight stop loss below structure and a larger take profit aiming at the -61.8% and 100% Fib extensions – a favorable R:R ratio
Trade active
Tracking this opportunity – high potential playTrade closed: target reached
TP Hit
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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.