Looking at
I'd never heard of this until the crypto market which is likely where it originated. In short, the pattern is a busted flag pattern like the one we have here. I made a short video you can watch here to see how it gets its name: instagram.com/p/BlePwbin5TD/?utm_source=ig_web_copy_link
This would be the one thing I would guard against here. Remember, like in most things price will take the path of least resistance and right now the longer trend is still down. If
In my mind, this is basically a coin toss and I'm not ready to step in front of this freight train just yet. Remember, you can make money without catching the bottom or top, you're just trying to catch the "meat of the move."
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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.