A potential flag pattern has caught my eye this morning on EOS, thanks to the surge in the crypto market class in the last 24 hours.
To continue with the short term trend, completion of the flag pattern would be a nice continuation trade to add to existing positions.
I intend to enter into a position on the break of Point (B). Profit target is Point (D) and stops below Point (C) as shown.
If price fails and breaks Point (C), then this flag pattern is no longer valid.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
To continue with the short term trend, completion of the flag pattern would be a nice continuation trade to add to existing positions.
I intend to enter into a position on the break of Point (B). Profit target is Point (D) and stops below Point (C) as shown.
If price fails and breaks Point (C), then this flag pattern is no longer valid.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Order cancelled:
Bull flag pattern failed. No trade.
