Bull Flag + Cup and Handle = LONG
The down trend pennant had been ranges since Aug 20th was the first signal that there is stronger bulls in the market.
Then the Cup formation can be seen from December last year, are yet to complete its handle which is a stronger indication that the price would go long to at least the peak of the price at cup formation (1.64195).
Then the Cup formation can be seen from December last year, are yet to complete its handle which is a stronger indication that the price would go long to at least the peak of the price at cup formation (1.64195).
Note
Trade Pending as price still ranges between pennant.Wait for breakout and retest.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.