MoonWell - similar bottom and bull flag, breakout = 40%+ profit
Ladies and gentlemen, we have a bullish reversal pattern forming on the six hour chart for Moonwell, happening inside a larger bull flag on the daily chart. It is currently printing a little flag following a similar price bottom bounce, which may end up being the second portion of a small Adam and Eve reversal. A conservative position stands to make at least 40% profit, selling at $0.057. 
WELLUSD
-Contingent upon breakout of the flag on the six hour chart-
WELLUSD -Contingent upon breakout of the flag on the six hour chart-
Order cancelled
Failure warning signal:
This does not indicate failure of a reversal, but indicates that this will at least be a different reversal pattern. Be ready to sell if price closes below the failure line, and be wary of any return to the warning line after that - it will probably be a fake rally and reverse downward there again, then move much lower than the failure line.
Note
6hr chart
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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.