This trade is still looking like it wants to go higher. I am looking for the break of the flag with a SL below lowest point of the flag. A break of the 1 hr TL (purple) will indicate a larger correction may be coming.
Note
So far so good. I am still bullish looking for the .026.
Look for another flag to take this higher.
A break of the 1 hr. TL (purple) may indicate a higher degree correction.
Happy trading and hey be careful out there.
Note
Very close to AB=CD and showing some downward pressure. A break and close below the 1 hour trend line and I will close the trade.
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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.