Flag is breaking down, short opportunity to the bottom of the larger trending channel. Be cautious of retracements for bounces, but I think we could test the lower symmetrical pullback at the bottom of the channel ($151.42) over the next few days if we don't stop at the 1.272 target of ($175). Cheers!
We are in a descending channel from the highs that are holding very nicely. After the last bounce from support we pushed up to the top of the channel which was also a 1.272 target from the decline. We are drawing a nice flag here (purple lines) and I would expect the flag to fail and retrace to the bottom of the channel and find symmetry (red lines) before...