MoonWell - similar bottom and bull flag, breakout = 40%+ profit

29 janv.

Ladies and gentlemen, we have a bullish reversal pattern forming on the six hour chart for Moonwell, happening inside a larger bull flag on the daily chart. It is currently printing a little flag following a similar price bottom bounce, which may end up being the second portion of a small Adam and Eve reversal. A conservative position stands to make at least 40% profit, selling at $0.057. WELLUSD

-Contingent upon breakout of the flag on the six hour chart-

31 janv.

Ordre annulé

Failure warning signal:

This does not indicate failure of a reversal, but indicates that this will at least be a different reversal pattern. Be ready to sell if price closes below the failure line, and be wary of any return to the warning line after that - it will probably be a fake rally and reverse downward there again, then move much lower than the failure line.

31 janv.

Note

6hr chart