SQ: Possible Bear Flag Formation
SQ: 217.14
ATR: 9.77, Beta: 2.42
Possible Bear Flag Formation: A bear flag is a continuation pattern that joins an existing downtrend. The price has been consolidating in the volume cluster and has potential to enter the range of lower price shelf. Both scenarios have been stated. Look for volume to confirm price impulses, divergence, and magnitude of RSI.
ATR: 9.77, Beta: 2.42
Possible Bear Flag Formation: A bear flag is a continuation pattern that joins an existing downtrend. The price has been consolidating in the volume cluster and has potential to enter the range of lower price shelf. Both scenarios have been stated. Look for volume to confirm price impulses, divergence, and magnitude of RSI.
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