C is at 116.21 for ABC bullish pattern which is also C for the bull shark pattern.
Volume has slacked off a bit but not unusual in a flag formation.
Possible stop under flag, under C or last pivot low.
No recommendation
The overall trend looks to be broadening.
A security can spend some time pulling back in a flag formation and a bull flag does not always break to the upside. The bottom trendline is support and the top one is resistance. Price should break the top trendline with conviction for long entry (break resistance with an uptrend). You can project the pole from the support line of the flag using the magnet to get a guesstimate of where price may go, although folks use different ways of establishing targets for a flag pattern.
There is a very small gap in the pole.
Picking a long entry level that works for you as well as picking a target and an exit level are good ingredients for any trading plan. Picking a bad long entry level can doom your trade. Picking a bad stop can also doom your trade and stop you out just when the going gets good. Overshooting or undershooting targets can be a big bummer as well.
Volume has slacked off a bit but not unusual in a flag formation.
Possible stop under flag, under C or last pivot low.
No recommendation
The overall trend looks to be broadening.
A security can spend some time pulling back in a flag formation and a bull flag does not always break to the upside. The bottom trendline is support and the top one is resistance. Price should break the top trendline with conviction for long entry (break resistance with an uptrend). You can project the pole from the support line of the flag using the magnet to get a guesstimate of where price may go, although folks use different ways of establishing targets for a flag pattern.
There is a very small gap in the pole.
Picking a long entry level that works for you as well as picking a target and an exit level are good ingredients for any trading plan. Picking a bad long entry level can doom your trade. Picking a bad stop can also doom your trade and stop you out just when the going gets good. Overshooting or undershooting targets can be a big bummer as well.