miracleFx

FLAT FLAG PATTERN FORMATION LONG

Long
CURRENCYCOM:US30   Dow Jones Industrial Average Index
price went into consolidation after making a big move upwards. it then breaks the resistance level upwards. i'm anticipating a retest and a continuation in trend upwards. take profit target can be set using the height of the first leg of the flag.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.