Flag formation and correction breakout
Hi everyone. Similar to my TRXUSDT analysis DOGEUSDT has formed the same pattern
There was a previous bearish impulse followed by a correction. The correction then formed falling wedge. This shows a reversal in the trend and we know the market has been bearish. But now it has started to reverse.
Now a breakout occured (an impulsive breakout) from the correction which I have been waiting for, and followed a small correction.
I'll be entering the trade when there's a breakout from that small correction.
If you like my analysis don't forget to like and follow. Thank you
There was a previous bearish impulse followed by a correction. The correction then formed falling wedge. This shows a reversal in the trend and we know the market has been bearish. But now it has started to reverse.
Now a breakout occured (an impulsive breakout) from the correction which I have been waiting for, and followed a small correction.
I'll be entering the trade when there's a breakout from that small correction.
If you like my analysis don't forget to like and follow. Thank you
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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.