CITIGROUP (C) IN A CLASSIC FLAG FORMATION
after a strong bearish wave, we see a steady recovery on CITI.
the price is steadily going up within a rising parallel channel called a bearish flag pattern.
its called bearish because even if the sentiment is locally bullish, on a long run stock is falling and we keep our bearish bias.
we don't know how long the price will be within, the only trigger for us is the breakout.
daily candle close below is the perfect signal to look for a short trade, expecting a continuation to current structure low
with a potential rally to the downside!
keep watching citi and try to catch a perfect swing short!
good luck!
