I think it's a textbook bullish flag, with an ascending volume on the "pole" and descending on the "flag". Also, measured from the pole, the strong bullish trend didn't retrace more than 50%, which is healthy.
Flags are formed because of the consolidation of a very steep trend. I think this correction is healthy, because the price action is testing supports and resistances that we didn't see in the "pole".
The price target is a 50% movement from the breaking of the flag's resistance. I would like to see a strong volume in this breakout, though.
Flags are formed because of the consolidation of a very steep trend. I think this correction is healthy, because the price action is testing supports and resistances that we didn't see in the "pole".
The price target is a 50% movement from the breaking of the flag's resistance. I would like to see a strong volume in this breakout, though.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.