Chart pattern: Bull flag

Entry: 8014 (this would end the downtrend of the correction)

Stop: 6736

Target: 10985

Stopmanagement: ATR Stops daily chart default settings

Risk:Reward-Ratio: > 2:1

Description: The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price broke the downtrendline and the MACD is also delivering a buy-signal.


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