NMM Bull Flag?

Price action will soon be testing a level of resistance. Of the many possible outcomes, price action could break out of this channel and proceed higher to complete the bull flag, or PA could return back to the lower end of this channel, which could give us something like a huge multi-year inverse head & shoulders pattern. Which would also be bullish, but not before price action lowers to the level of the left shoulder back in 2016.

I used the flag pole to predict a possible target range if the bull flag plays out. This also correlates with a "knot" (seen better on the weekly tf) back in 2015.

Thoughts on the Bull Flag, what are the odds this completes?

Commentaire:

Self-reminder: most of the patterns I identify/chart take a while longer to play out than I anticipate.