CCL is also trading in a cup and handle pattern. The Bull flag break out, if it occurs, could possible put CCL in a position to break from cup and handle pattern with long entry at 25.40.
Bull flags form after a move up and preferably in an uptrend. Bear flags form after a move down. There should be an increase in volume when the flag breaks long entry level.
Bull flags appear as small rectangles often tilt downward. A flag can have a flatter base as well. A flag should be less than 3 weeks in formation (not counting the flag pole which usually forms over several days.
As a rule, tight flags without a lot of space between candles, perform better than loose flags that have a lot of space between candles.
A long pole if preferable to a short pole as targets are calculated using the pole. So a flag sitting high in a tight formation can be a good bull flag to trade.
Not a recommendation
Bull flags form after a move up and preferably in an uptrend. Bear flags form after a move down. There should be an increase in volume when the flag breaks long entry level.
Bull flags appear as small rectangles often tilt downward. A flag can have a flatter base as well. A flag should be less than 3 weeks in formation (not counting the flag pole which usually forms over several days.
As a rule, tight flags without a lot of space between candles, perform better than loose flags that have a lot of space between candles.
A long pole if preferable to a short pole as targets are calculated using the pole. So a flag sitting high in a tight formation can be a good bull flag to trade.
Not a recommendation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.