Bear flag on the weekly
Since the price broke out of the triangle and came back, we then formed a bear trap.
The bear trap could break now or later, maybe we could test the bottom of it and come back to test the upper side of the channel again.
At some point I believe that if we don´t change formation that bear flag will pop to the down side.
If we find support over the bottom of it, we could have a good swing trade inside the channel before an eventual dump.
Thanks for following me, please leave comments and like the TA. Your feedback helps a lot.
The bear trap could break now or later, maybe we could test the bottom of it and come back to test the upper side of the channel again.
At some point I believe that if we don´t change formation that bear flag will pop to the down side.
If we find support over the bottom of it, we could have a good swing trade inside the channel before an eventual dump.
Thanks for following me, please leave comments and like the TA. Your feedback helps a lot.
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.