Multiple bull flags that played out;
Last one is kind of a strange bull flag that people might contest, but i think that it is still valid;
The bearish part of it seems to be a bearish rising wedge, but its not nearing the squeezed portion yet.
I will be watching this and may take a long trade on this.
Last one is kind of a strange bull flag that people might contest, but i think that it is still valid;
The bearish part of it seems to be a bearish rising wedge, but its not nearing the squeezed portion yet.
I will be watching this and may take a long trade on this.
Trade closed: target reached:
Respected the bull flag, got a major rise;
It should consolidate down a bit; in which case it would be new bull flag;
However, if it consolidates and ossilates for too long, then it means we are in a new channel. Steeper upward channel.
It should consolidate down a bit; in which case it would be new bull flag;
However, if it consolidates and ossilates for too long, then it means we are in a new channel. Steeper upward channel.