I think everything is on truck here with our long positions. The question is :
Are we breaking out from the flag immediately on Monday (1) or do we have to tag the bottom of the range - and the 200 EMA- one more time (2).
So 43$ is still not out of the table before we break out to 50$. I think the stock market will show the direction now at the beginning of next week...
Are we breaking out from the flag immediately on Monday (1) or do we have to tag the bottom of the range - and the 200 EMA- one more time (2).
So 43$ is still not out of the table before we break out to 50$. I think the stock market will show the direction now at the beginning of next week...
Note
As I'm watching the daily chart I feel that it wants to break immediately without going back to the range...MACD, RSi, TSI are all showing theis. Plus we are very close to the 10 EMA there is no reason to tag it again at the beginning of next week...
Note
So it was a bull flag and we broke out.Note
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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.