The Flag represents a pause to consolidate, retracing a small part of the initial rally within a tight channel. A breakout from this channel is the first hint that a Bullish flag could be in the making.
Once the shares break out from the flag, it is possible that another rally – the same size as the first – could be delivered.
Trade closed: target reached:
We should be done at 0.70
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Once the shares break out from the flag, it is possible that another rally – the same size as the first – could be delivered.