ALGO Bearish Flag 🚩?🚩?🚩?🚩
Updated
Hi dear traders
As you saw in previous analysis we take profit 📈.
The price has formed a bearish flag.
If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area.
Wait for a pullback to the 0.271 area to enter.
This area should be tested as resistance and the pattern confirmed.
Waiting ✋ for confirmation.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
As you saw in previous analysis we take profit 📈.
The price has formed a bearish flag.
If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area.
Wait for a pullback to the 0.271 area to enter.
This area should be tested as resistance and the pattern confirmed.
Waiting ✋ for confirmation.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
Price loses the 0.26 support area. We can open short position now or wait for pullback completed to entery.
🎯0.25
🎯0.2444
🎯0.24
🎯0.2345
🎯0.2306
Stoploos above 0.28
Note
In LTF we can see bullish divergence, so it's better wait for pullback completed.Note
Tp1 hit 🎯Note
Tp2 hit 🎯Note
Tp3 hit 🎯Note
Tp4 hit 🎯Note
Tp5 hit 🎯Trade closed: target reached
Full Target Good luck 🤗
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.