Will Price break down of the flag below to the 200 EMA in orange (12.15) or will price have a bullish break out of the bull flag pattern and out of the flip zone (in grey) to the 14.50 resistance. Even though price broke out of a parallel channel, it hit resistance around the 161.80% of the Fibonacci of that channel. We have two small body candles with long shadows in a flip zone which may indicate a change is on the horizon.
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.
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.