Chart Pattern: Monitor for Flag-formation breakout
Updated
This counter is trading above the 2-50-200 EMAs with the RSI at the 50 level.
With the flag formation, we are expecting a breakout for an uptrend continuation.
A big candle with strong volume breaking 0.675 will signal the imminent breakout.
With the flag formation, we are expecting a breakout for an uptrend continuation.
A big candle with strong volume breaking 0.675 will signal the imminent breakout.
Note
It has gone south in the opposite direction. No more monitoring. The price is also trading below EMA 50.
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