Bull Flag - still more room to go.
Note
Looks like the parallel channel is giving it a hard time. We need more volume to pull through.Note
We might have another bull pennant here. If the parallel channel holds as support there could be another spike.Note
The price hopped back in the pennant. It could go either direction at this point.Trade closed: target reached
The last pennant failed, but in the end our target was perfectly reached. What happens next is unclear. It is either the resistance holds or the price falls back to the support of the parallel channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.