ALGO is currently forming a bear flag on the daily chart following a sharp price decline, indicating a potential continuation of the downward trend.
The pattern is further supported by the downward trend in volume. Currently, the price is experiencing a brief consolidation phase.
Now let's monitor any breakouts below the lower trendline, and a breakout with a high volume would further confirm the validity of the breakout.
The pattern is further supported by the downward trend in volume. Currently, the price is experiencing a brief consolidation phase.
Now let's monitor any breakouts below the lower trendline, and a breakout with a high volume would further confirm the validity of the breakout.
Trade closed: stop reached
Comment:
Just a comment - trigger never happened, so there was no trade
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