Just a quick update... Looks like a potential BULL flag forming in the shape of a descending wedge. This is a very common shape for a bull flag.
Also, notice the dwindling volume that is correlating to the flag pattern. Of course, like all patterns in the chart, it has to be confirmed with a breakout.
Pattern and volume indicators in PINK.
Also, notice the dwindling volume that is correlating to the flag pattern. Of course, like all patterns in the chart, it has to be confirmed with a breakout.
Pattern and volume indicators in PINK.
Commento:
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