Traders, take a look at this beauty unfolding on SPACE42's daily chart ๐
After a powerful upward thrust โ a textbook "flagpole" โ price action has been gently coiling down within a tight parallel channel. This classic **bull flag** pattern suggests we might just be seeing a pause before the next big move. ๐
Key Highlights:
* Sharp rally โ momentum confirmed โ
* Flag consolidation โ decreasing volume ๐ค
* Breakout potential โ waiting on the edge ๐
What to watch:
* A strong close above the upper trendline with volume could ignite the next leg up ๐ฅ
* Target projection? Classic bull flag logic says: measure the pole, add it to the breakout ๐ก
Not a recommendation โ just a chart talking loud and clear! ๐ฏ
Letโs see if SPACE42 honors the pattern... or fakes out. Stay nimble, stay sharp โก
#SPACE42 #BullFlag #ChartPatterns #TechnicalAnalysis #PriceAction
After a powerful upward thrust โ a textbook "flagpole" โ price action has been gently coiling down within a tight parallel channel. This classic **bull flag** pattern suggests we might just be seeing a pause before the next big move. ๐
Key Highlights:
* Sharp rally โ momentum confirmed โ
* Flag consolidation โ decreasing volume ๐ค
* Breakout potential โ waiting on the edge ๐
What to watch:
* A strong close above the upper trendline with volume could ignite the next leg up ๐ฅ
* Target projection? Classic bull flag logic says: measure the pole, add it to the breakout ๐ก
Not a recommendation โ just a chart talking loud and clear! ๐ฏ
Letโs see if SPACE42 honors the pattern... or fakes out. Stay nimble, stay sharp โก
#SPACE42 #BullFlag #ChartPatterns #TechnicalAnalysis #PriceAction
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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.