**NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making decisions. I am learning TA so recommendations/advice/positive comments are welcome.
Again, I am not an experienced trader.
This is how I practice.
Thumbs up are appreciated.
Its "Maybe" because I am new and per my disclosure I am learning TA. Additionally, the definition and rules for pattern mention that after 4-6 weeks, the indicator becomes less reliable. But still worth keeping an eye out.
Its .60 because according to the definition of the pattern, the flagpole height will equate from the breakout. ASSUMING the breakout is around .25, then the height of the flagpole is about .35. Therefore, .25+.35=.60
The green line is volume. The rule also states that in order for the pattern to be considered, then the volume must also be in decline per the chart, it also holds true. Npw, everything is an approximation and not an exact science.
Thank you for your questions. Like I mentioned in the disclosure, I am learning TA by applying what I have learned into real application. However, I am by no means an expert. Novice at best.