IRIS / USD = Bullflag + breakout

On the above 9-day chart price action has formed a bull flag with breakout. Additionally a Dragonfly DOJI candle was printed with following candle as confirmation. 200% gain from here and likely to occur soon.

Commento:

Price action on the 4-day chart below is now showing a 'overbought' condition. However that is not to say a 'sell' condition. We may see a divergence in price action with the oscillators or something else all together.

If you're holding out for more it is a good habit to take some profits off the table as price action continues to rise. Don't try to time the top, no one knows where that is.

Trade chiuso: obiettivo raggiunto:

up 230% and now the 10-day chart prints a hanging man candle.

Take profits - better play exist currently.