Yields saw a massive turn to the upside after the latest job report number coming in red hot.
Showing the US labor force is a juggernaut.
If we see this Bullish consolidation break to the upside this implies interest rates are going much higher.
If this pattern comes to fruition and fulfills it upside targets, this would also imply the likely catalyst that...
Here's a quick look at ADA 6 hr chart. As we can see, the price has been forming a bigger bull flag and we could see a very big move to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the bigger bull flag with good amount of volume .
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The idea is: Buy the breakout...
Here's a quick look at XRP 30 min chart. As we can see, the price has printed a bull flag, and we could see a breakout to the upside very soon! The best entry would be, when the price breaks above the bull flag with good amount of volume. Keep an eye on this setup.
All depends on what BTC does.
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The idea is: Buy the...
so a bullflag how does it work why does it indicate a move up and when is it invalid
so bullflag is a move up by buyers generally and then a pause in momentum while it goes sideways or down SLIGHTLY then a continuation up if it breaks out which indicates that buyers are still in control and you can join the move with them
WHEN IS IT INVALID ?
a bullflag can be...
USDCNH broke bull flag and retest it, above 'd' point.
The price should create another impulse to upside, but beware, the price has a strong resistance ahead
Watch for a strong close above $1,740 for a potential measured move to $1,900 (prior cycle highs).
Set a stop with a close below around $1,680
It is only a matter of time until gold retests highs, for those who are more inclined to 'trade' gold, which i do not recommend, then there is a potential nice bull flag shaping up.
-TradingEdge
