CCL is also trading in a cup and handle pattern. The Bull flag break out, if it occurs, could possible put CCL in a position to break from cup and handle pattern with long entry at 25.40.
Bull flags form after a move up and preferably in an uptrend. Bear flags form after a move down. There should be an increase in volume when the flag breaks long entry level.
Bull flags appear as small rectangles often tilt downward. A flag can have a flatter base as well. A flag should be less than 3 weeks in formation (not counting the flag pole which usually forms over several days.
As a rule, tight flags without a lot of space between candles, perform better than loose flags that have a lot of space between candles.
A long pole if preferable to a short pole as targets are calculated using the pole. So a flag sitting high in a tight formation can be a good bull flag to trade.
Not a recommendation
Bull flags form after a move up and preferably in an uptrend. Bear flags form after a move down. There should be an increase in volume when the flag breaks long entry level.
Bull flags appear as small rectangles often tilt downward. A flag can have a flatter base as well. A flag should be less than 3 weeks in formation (not counting the flag pole which usually forms over several days.
As a rule, tight flags without a lot of space between candles, perform better than loose flags that have a lot of space between candles.
A long pole if preferable to a short pole as targets are calculated using the pole. So a flag sitting high in a tight formation can be a good bull flag to trade.
Not a recommendation