2 Scenarios can occur following:
*UP: If price breakout resistance area lead to bullish flag wait the price retrace at breakout trend line or zone to confirm the order Long
**DOWN: If price did not have volume to break resistance area, price will get retrace to support due to double was formed and already got retrace (CF to Short)
*UP: If price breakout resistance area lead to bullish flag wait the price retrace at breakout trend line or zone to confirm the order Long
**DOWN: If price did not have volume to break resistance area, price will get retrace to support due to double was formed and already got retrace (CF to Short)
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.
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.