bull game for now, with bear relief in June
Updated
The flag predicted is a clone of the previous flag after the pennant printed. followed by a further pennant.
Take note of the coloured circles, where previous resistence areas were tested and became support.
Ultimately it's a long game, but plenty of short days in there.
Take note of the coloured circles, where previous resistence areas were tested and became support.
Ultimately it's a long game, but plenty of short days in there.
- 1.Long term bulls need not worry, just potential buy areas coming. Short term bulls, take profits on the top side of the flag and re'buy on the lower side.
2.Trapped bears should look to June for a retest of the pennant below, as it happened previously. Play the down days in the flag, they're substantial moves. Then maybe you won't need to reach the previous pennant.
Trade closed: target reached
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