Nice descending/consolidation channel after a sharp rise. It looks like a bull flag until proven otherwise. Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me. Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
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as I said, it looks like a bull flag until proven otherwise. The market is proving us otherwise right now. Not buying yet. Now looking at 121-122 zone, unless we manage to come back above the flag line
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buying a bit here
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full position
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Chart back on track. Strong into close. Bull flag back in play.
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If you actively managed your trade you had a chance to exit with profit on the 20ma rejection. If you're still in, cautious cuz the bull flag pattern is kind of failing.