The market has been consolidating for a while since crossing the longterm resistance trendline, forming a bullish flag. The first signal for the price's readiness to cross the flag's resistance trendline is a cross and retest of the smaller bullish flag. I'm looking to buy the pullback following the cross of the flag's resistance trendline and hold as illustrated. With that being said however, it is still likely that the price will come back once again from the resistance zone (where the price is currently), so we will wait and see what the market gives us and execute accordingly. NB: Follow the market and never enforce your ideas on it.
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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.