CL1!, can F be considered bull flag?
i had a look at 2008-9 crude oil bottom, it took approximately 3 months of consolidation before
it recovers
NOW, price is embedded inside an inverted pyramid.
But i see a F flag! is it bullish or will the price developed into a bear flag like the purple rectangle?
So far, this consolidation lasted for about 1.5 months.
There is no clear signal for me yet although MACD & RSI are curving up.
Are you already bottom picking?
P.S. price is still under 50 ema for the moment
it recovers
NOW, price is embedded inside an inverted pyramid.
But i see a F flag! is it bullish or will the price developed into a bear flag like the purple rectangle?
So far, this consolidation lasted for about 1.5 months.
There is no clear signal for me yet although MACD & RSI are curving up.
Are you already bottom picking?
P.S. price is still under 50 ema for the moment
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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.