Alikze »» ROSE | Bullish Flag
Updated
🔍 Technical analysis: Ascending channel & Bullish Flag
-The 4H frame time is moving in an uptrend channel.
- Currently, given that the channel ceiling is facing sales pressure.
- In a density in the middle of the channel, a upward flag is formed.
- In the event of a green box area, it can touch the specified targets.
🛑 Resistors: 0.134 - 0.146 - 0158
💎Alternative scenario: If the green box cuts the channel floor and can be modified to the range of 0.09766.
🟩 Support: 0.10986 - 0.11597
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
-The 4H frame time is moving in an uptrend channel.
- Currently, given that the channel ceiling is facing sales pressure.
- In a density in the middle of the channel, a upward flag is formed.
- In the event of a green box area, it can touch the specified targets.
🛑 Resistors: 0.134 - 0.146 - 0158
💎Alternative scenario: If the green box cuts the channel floor and can be modified to the range of 0.09766.
🟩 Support: 0.10986 - 0.11597
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
Comment
After a correction up to the green box, which is faced with the demand, it is currently faced with a collision in the middle of the channel and dynamic resistance trigger with selling pressure. Comment
If it is above 0.9766, the box can retest the supply range. Otherwise, its first downside target would be 0.08372. Comment
After not stabilizing above the range of 0.09766, it has touched the first correction target with more than 14% correction. Comment
According to the predicted movement path, the target has been folded. Comment
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.