https://www.tradingview.com/chart/OLbtKTqz/
As shown in my chart, we finished our first 5 waves down and are right now in a sideways movement, which can be identified as a flag! Usually, we would expect flags to be tilted against the prevailing price trend but this one is tilted in the opposite direction.
What does this tell us?
It shows us a slight weakness of the bears, so we should not expect the most rapid moves coming out of the pattern!
As a sidenote: Price can fall short of the E position and start falling without touching the upper line again!
I hope this was helpful! Follow for future TA, like if you want to and take care!
As shown in my chart, we finished our first 5 waves down and are right now in a sideways movement, which can be identified as a flag! Usually, we would expect flags to be tilted against the prevailing price trend but this one is tilted in the opposite direction.
What does this tell us?
It shows us a slight weakness of the bears, so we should not expect the most rapid moves coming out of the pattern!
As a sidenote: Price can fall short of the E position and start falling without touching the upper line again!
I hope this was helpful! Follow for future TA, like if you want to and take care!
Nota
That's what I call a gap :D
Nota
Pattern complete
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.