SHARDACROP
The price is currently showing signs of resuming a strong rally after a temporary pause.
This resumption is characterized by a pattern known as a bullish Flag. The Flag pattern typically occurs within a dynamic market rally and represents a brief consolidation or pause as the market takes a moment to gather momentum before continuing its upward movement. The pattern is formed by two parallel trend lines, which may slope downward against the prevailing uptrend.
The confirmation of the bullish Flag pattern comes when the price breaks above the upper boundary of the pattern, signaling a resumption of the upward rally. This breakout suggests that the temporary pause is over, and the price is likely to continue its upward surge.
Note for everyone who came across this reference:
The price is currently showing signs of resuming a strong rally after a temporary pause.
This resumption is characterized by a pattern known as a bullish Flag. The Flag pattern typically occurs within a dynamic market rally and represents a brief consolidation or pause as the market takes a moment to gather momentum before continuing its upward movement. The pattern is formed by two parallel trend lines, which may slope downward against the prevailing uptrend.
The confirmation of the bullish Flag pattern comes when the price breaks above the upper boundary of the pattern, signaling a resumption of the upward rally. This breakout suggests that the temporary pause is over, and the price is likely to continue its upward surge.
Note for everyone who came across this reference:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade.
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