TRONShort
TRXUSD
BULLISH FLAG PATTERN
Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line (or a quick move) price run (the flagpole), then you don't have a flag. The best performing flags have a long, near vertical flagpole.
Price trend can be any direction leading to the chart pattern. The shape looks more like a small rectangle often tilted against the prevailing price trend. Price moves between two parallel, or near parallel, trendlines. The flagpole which leads to the flag should be unusually steep and last several days.
Volume trend downward trend 74% (up breakouts) of the time.
Breakout upward 60% of the time.
This type of flag pattern is called THE HALF STAFFSometimes, the flag will appear midway in the price trend.
The best method to trade this chart pattern is to look out for two major breakouts; 1- the volume breakout and 2- the price breakout from the flag.
VERDICT:
BUY: $0.021348
SELL: $0.022875 up to $0.031409
STOP LOSS: $0.018382
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line (or a quick move) price run (the flagpole), then you don't have a flag. The best performing flags have a long, near vertical flagpole.
Price trend can be any direction leading to the chart pattern. The shape looks more like a small rectangle often tilted against the prevailing price trend. Price moves between two parallel, or near parallel, trendlines. The flagpole which leads to the flag should be unusually steep and last several days.
Volume trend downward trend 74% (up breakouts) of the time.
Breakout upward 60% of the time.
This type of flag pattern is called THE HALF STAFFSometimes, the flag will appear midway in the price trend.
The best method to trade this chart pattern is to look out for two major breakouts; 1- the volume breakout and 2- the price breakout from the flag.
VERDICT:
BUY: $0.021348
SELL: $0.022875 up to $0.031409
STOP LOSS: $0.018382
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
Disclaimer
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