SWT

Flag/Pennant correction pattern

Flags fly at half mast- this pattern typically happens half way up a large price move
Movement needs to take a breath.

Watch for last point on Elliot wave correction- Even better (more BULLish) if it violates the lower boundary and returns to pattern.

Risky entry- buy on reversal candle at point 5
Conservative entry- set trigger above pattern

BTRX order book looks stacked against the movement and based off this only- would expect it to break south with BEARS

We will see- use a trigger

Yorum:

looks like a clear violation of pattern line-
- broken by 1-3%
- candle closed outside pattern (not just wick)

if multiple candle closes outside pattern will confirm

look out below