I explain more about my analysis later in updates.
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Bullish Flag Breakout.
One thing i hate about all the chart patterns is placing a stop-loss at the pattern lows. That spoils a RR Ratio.
Bullish Flags are continuation patterns it assumes that the prevailing trend will continue after the breakout. So why keeping stop-loss at the pattern low? If the trend is strong then breakout will be as strong as a trend too. I don't applying a re-test theory in my trading with short term patterns
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It looks like a pullback is completed, and now ready to continue on going up-trend with a flag breakout.
We are trading probabilities, we can't predict future prices, but we can trade what is probable as per our learning and experience.
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Centurytex 513 trading at 0.618% retracement. Closing above 0.618& re will be a good bullish sign.