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Price was rejected of the Ichi Cloud resistance zone and formed the Bearish Flag. As the mid line of the pattern is broken we can go to the lower boundary.
In case there is a confirmed breakout of the Flag the pattern will be confirmed and we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price was rejected of the Ichi Cloud resistance zone and formed the Bearish Flag. As the mid line of the pattern is broken we can go to the lower boundary.
In case there is a confirmed breakout of the Flag the pattern will be confirmed and we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.