Price in bullish channel making HH and LL.
Price in ab=cd harmonic pattern with -27 fib extent in conf with top of bullish channel, conf with avg market pip range of 300 pips.
flag pole length (2 range length or 600 pips) on breakout to the upside could see price filling a previous gap. this will leave a breakout and have resistance turn support.
however should price reject the upper channel boundary and attempt a break out to the downside, the flagpole length comes into conf with strong weekly/monthly resistance.
Price in ab=cd harmonic pattern with -27 fib extent in conf with top of bullish channel, conf with avg market pip range of 300 pips.
flag pole length (2 range length or 600 pips) on breakout to the upside could see price filling a previous gap. this will leave a breakout and have resistance turn support.
however should price reject the upper channel boundary and attempt a break out to the downside, the flagpole length comes into conf with strong weekly/monthly resistance.