Have you seen a better #BullFlag set up? Look at this bull flag on the weekly time frame for none other than #AMP
Let's get straight into it. You can see the pole portion of the bull flag on two candles which are December 4 2023 and December 11 2023. which went from .00249 to .00477 within a two week span. After this swing high portion of the flag pole at .00477 we then formed the flag portion of the bull flag which consists of 7 complete weekly candles and currently 2 days into the 8th weekly candle(for the flag portion).
We should expect a break out from our bull flag patter soon. The purple line represents the pole that was formed on the two weekly candles referenced above. Then I placed it at current price action to show us where AMP will potentially go if/when we create another bull flag.
Current price at .0035 with a break out to the upside would take us to .00576 which is a 64.28% PUMP! This could be the catalyst that takes AMP back over .01 and possibly new all time highs in 2024.
Weekly time frame analysis takes time to play out. Don't worry much about wicks but more so the candle opens and closures.