PEPE Massive Weekly Bullflag

Textbook bullflag for pepe/usd on the weekly chart. Not too much else to say. Breakout would like occur between 4th quarter this year and 1st quarter of next year.

NFA

Do your own DD.

Thanks for looking at the idea.

Trade active

Note

Pepe on the H4 has broken above the resistance from the weekly and backtested it. The 50 simple moving average has crossed the 100 recently and is on course to cross the 150 as well. Shown below is the 4 hour chart.

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targets are horizontal lines and fib extensions

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here is the weekly break out with fib extensions from the previous high swing low. the price action is at the 2.618 extension at the time of updating. See chart below

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near wick to the 4.618 extension of the most recent high swing low.

also show on the left are the fib extensions from the exxtreme high and low of the flag shape.

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pepe h4 rejects the 50sma after a breakout

BallsOfSteel32

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BallsOfSteel32