Continuation from my analysis here: 
Reversal formation is getting more obvious now. A bull flag pattern is observed on 4H timeframe. I'm expecting the price to fall down 1 more time before breaking the flag channel, and possibly heading towards $2.8 - $2.83 zone. The previous lower low has been broken and I think we are in a good course for uptrend.
Reversal formation is getting more obvious now. A bull flag pattern is observed on 4H timeframe. I'm expecting the price to fall down 1 more time before breaking the flag channel, and possibly heading towards $2.8 - $2.83 zone. The previous lower low has been broken and I think we are in a good course for uptrend.
Trade attivo
Looks like the lower channel of the flag has been broken down. Interestingly, the big red candle observed didn't make a new lower low so I'm still holding the position and interested to see where it is heading to now.Trade chiuso manualmente
It seems to by my sole mistake that I interpret this chart pattern as bull flag, although apparently it isn't. And judging from the price movement in hourly chart, I don't have any faith that this will go even higher. Closing the trade with losses for now.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.