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SviCapital
Dec 3, 2022 12:30 PM

NQ1!, Bull Flag Resolution in Focus 

E-mini Nasdaq-100 FuturesCME

Description

4 Weeks of consolidation within a bull flag formation. The bull flag pattern default outcome is a new leg up. A breakout may unleash enough energy to reach the resistance marked on the chart. A failure to put a new leg up is the pattern failure that opens the door to retest the bull' flag pole origin. The market needs a catalyst to resolve the flag. High odds setups are available at the edges of the flag and its midpoint.

12/3/2022
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