Possible bullish flag forming.
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, would like to see the retracement be less than 38%. Since this is a continuation pattern, looking for prices to break higher with a length equal to the size of the flag pole.
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, would like to see the retracement be less than 38%. Since this is a continuation pattern, looking for prices to break higher with a length equal to the size of the flag pole.