If a four hour candle closes below that blue 9 day moving average you can expect the bear flag to complete and for the price action to break below the flag. Looks like if that happens there’s much more further down side action in the near future. A break up and out of the flag is necessary soon!
Yorum:
So looked like the main signal didn’t happen. That is, that 4 hour candle DIDNOT close under the 9 day MA. And since I posted this bear flag price has consolidated right up against resistance. Could go up if it can break through!