Price didn't manage to close the candle below of the flag and now it is moving higher and is retesting the upper part of the flag. I will keep an eye on this trade for any good opportunity again. Cheers
Question this is a falling wedge. In "long term" this will be a bull if it hits the third Red Flag is that right?
Thanks in Advance!
KlejdiCuni
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@Angel1219, From the technical perspective the price should move up again after reaching the third flag. Anyway, the analysis should be done step by step as we will never know what may happen at the third flag, as the price may push also lower. In that zone I like to close my profits and to collect data for any potential reversal. Thank you.