VestedMTL

Bear Flag pattern on LINK ! bear trap ?

Short
BITFINEX:LINKUSD   LINK / Dollar
The pattern is clean. We are currently forming a bear flag .

The declining volume suggests that there is an imminent move.

The bear flag can be a really powerful pattern and someone who's able to spot it and then trade it can make some money

Bear flag Statistics:

Break-even failure rate: 2% in a bull market; 0% in a bear market
Average decline: 16% in a bull market; 25% in a bear market
Pullbacks: 46% in a bull market; 44% in a bear market
Percentage meeting price target: 47% in a bull market; 54% in a bear market


Comment: Take profit 1: ✅
Comment: Take profit 2: ✅
Trade closed manually

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