CSI300 BULL FLAG ON SUPPORT LOOKS PROMISING. BREAKOUT NEEDED❗️❗️
Updated
CSI has honored the significant demand zone, suggesting a potential continuation in the rally. The price respecting this highlighted zone coincides with the formation of a bullish flag on lower timeframes, further bolstering our bullish expectations. Notably, a bullish breakout has been confirmed on the formed flag, potentially leading to a rally with the creation of a pullback.
If sufficient volume and pressure emerge, there's a possibility of another bullish breakout on the trend line formed, which is crucial for validating our outlook.
If sufficient volume and pressure emerge, there's a possibility of another bullish breakout on the trend line formed, which is crucial for validating our outlook.
Note
Related publications
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.