Bullish Flag or Descending Triangle for TRUL?
Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses.
The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action.
I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action.
I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
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